Kinross Gold (TSE:K) Announces Earnings Results

Kinross Gold (TSE:K) (NYSE:KGC) released its earnings results on Wednesday. The company reported C$0.92 earnings per share (EPS) for the quarter, FiscalAI reports. Kinross Gold had a net margin of 15.23% and a return on equity of 11.72%. The firm had revenue of C$2.68 billion during the quarter.

Kinross Gold Stock Performance

TSE K traded up C$1.60 on Wednesday, hitting C$47.36. 4,088,496 shares of the company’s stock were exchanged, compared to its average volume of 4,966,297. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The firm’s 50-day moving average price is C$43.72 and its two-hundred day moving average price is C$36.49. The firm has a market cap of C$57.17 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of -0.60 and a beta of 1.31. Kinross Gold has a fifty-two week low of C$14.89 and a fifty-two week high of C$53.57.

Key Kinross Gold News

Here are the key news stories impacting Kinross Gold this week:

• Positive Sentiment: Ontario has placed the Great Bear project on an accelerated development/permitting path — this reduces near‑term regulatory uncertainty and could shorten the timeline to construction and production for the ~US$5B project, supporting Kinross’s valuation and upside expectations. Article Title Article Title
• Neutral Sentiment: Multiple outlets report the same fast‑track announcement (coverage in Mining Weekly, Toronto Sun, Northern Miner, Canadian Mining Journal, local press), which confirms broad market awareness but does not guarantee immediate construction or production — actual timing still depends on approvals, financing and execution. Article Title
• Neutral Sentiment: Kinross faces a near‑term earnings report that will test whether margins and operating performance can keep pace with gold’s rally — strong cost control and production guidance could reinforce the rally, while weaker metrics would temper enthusiasm. Article Title
• Neutral Sentiment: Risks remain: provincial fast‑tracking does not eliminate federal reviews, environmental assessments, Indigenous consultation requirements or the large capex and execution risk on Great Bear — investors should watch permit milestones, consultation progress and updated capex/timing details. Article Title

Wall Street Analysts Forecast Growth

K has been the topic of a number of recent analyst reports. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. National Bank Financial upped their price target on shares of Kinross Gold from C$52.50 to C$60.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Desjardins set a C$44.00 price objective on shares of Kinross Gold and gave the company a “buy” rating in a report on Friday, November 28th. Finally, Stifel Nicolaus upped their target price on shares of Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$51.50.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.