Scotiabank Has Weak Outlook for Kinross Gold FY2026 Earnings

Kinross Gold Corporation (NYSE:KGC) (TSE:K) – Equities research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for Kinross Gold in a research note issued to investors on Friday, September 25th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will earn $2.36 per share for the year, down from their previous forecast of $2.65. Scotiabank currently has a “Outperform” rating and a $39.00 target price on the stock. The consensus estimate for Kinross Gold’s current full-year earnings is $2.43 per share.

Other equities research analysts have also issued research reports about the company. TD reduced their price target on Kinross Gold from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Weiss Ratings downgraded Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. TD Securities cut their price objective on Kinross Gold from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Canadian Imperial Bank of Commerce reduced their target price on Kinross Gold from $54.00 to $50.00 and set an “outperformer” rating on the stock in a report on Friday, September 25th. Finally, Citigroup reissued a “buy” rating on shares of Kinross Gold in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.70.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $24.32 on Monday. The stock has a market cap of $28.80 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.62 and a beta of 0.84. Kinross Gold has a twelve month low of $22.01 and a twelve month high of $39.11. The company’s fifty day moving average is $27.76 and its 200 day moving average is $28.18. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS.

Hedge Funds Weigh In On Kinross Gold

Institutional investors have recently added to or reduced their stakes in the business. Andra AP fonden boosted its holdings in shares of Kinross Gold by 10.0% during the 2nd quarter. Andra AP fonden now owns 867,872 shares of the mining company’s stock worth $20,499,000 after buying an additional 78,900 shares in the last quarter. Baird Financial Group Inc. acquired a new position in shares of Kinross Gold during the 2nd quarter valued at $995,000. Nykredit A S bought a new stake in Kinross Gold in the second quarter valued at $10,711,000. Allianz Asset Management GmbH grew its stake in shares of Kinross Gold by 17.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 9,596,638 shares of the mining company’s stock valued at $227,141,000 after buying an additional 1,395,576 shares during the period. Finally, Corient Private Wealth LP boosted its holdings in Kinross Gold by 2.0% in the second quarter. Corient Private Wealth LP now owns 53,928 shares of the mining company’s stock worth $1,274,000 after acquiring an additional 1,064 shares in the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.16 annualized dividend and a yield of 0.7%. Kinross Gold’s dividend payout ratio (DPR) is currently 6.06%.

Key Stories Impacting Kinross Gold

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

• Positive Sentiment: Bank of America maintained its Buy rating on Kinross, providing continued support for the stock’s long-term outlook. Bank of America Securities Sticks to Its Buy Rating for Kinross Gold
• Positive Sentiment: Kinross has benefited from higher gold prices and stronger earnings, with earnings growth substantially exceeding the prior-year period. The improvement supports cash generation, although the benefit is being tested by rising costs. Is KGC Facing Margin Risks From Higher Unit Costs in 2026?
• Neutral Sentiment: Scotiabank retained an Outperform rating and a $39 price target, but lowered its FY2027 EPS forecast to $2.42 from $2.69. The target remains bullish, while the estimate reduction signals more cautious expectations. Scotiabank Has Negative View of Kinross Gold FY2027 Earnings
• Negative Sentiment: Higher unit costs could pressure margins in 2026, potentially limiting the earnings benefit from elevated gold prices. Analysts are focused on whether cost inflation will outpace revenue gains. Is KGC Facing Margin Risks From Higher Unit Costs in 2026?
• Negative Sentiment: A sharp gold and silver sell-off pressured Canadian miners, highlighting Kinross’s sensitivity to bullion prices and creating a broad sector headwind. Canadian Miners Slide as Gold and Silver Slump Weighs on Sector
• Negative Sentiment: Scotiabank also cut its FY2026 earnings forecast, adding to concerns about Kinross’s near-term earnings trajectory. Kinross Gold FY2026 Earnings Forecast Cut by Scotiabank
• Negative Sentiment: Pomerantz LLP announced an investigation into potential investor claims involving Kinross. The notice did not establish wrongdoing, but it adds legal uncertainty and may weigh on investor sentiment. Pomerantz Law Firm Investigates Claims on Behalf of Kinross Investors

About Kinross Gold

Kinross Gold Corporation is a Canadian gold mining company headquartered in Toronto, Ontario. The company explores for, develops, and operates gold mines, with silver produced as a byproduct at certain properties. Its activities include mineral exploration, mine development, ore processing, and the sale of refined gold and other metals.

Kinross has historically operated mines across the Americas and West Africa. Its portfolio has included the Fort Knox, Round Mountain, and Bald Mountain mines in the United States; Paracatu in Brazil; Tasiast in Mauritania; and La Coipa in Chile.