Kinross Gold Stock Gets Weaker EPS Forecast from Scotiabank

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Equities researchers at Scotiabank dropped their FY2026 earnings per share estimates for Kinross Gold in a report released on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $3.29 for the year, down from their prior estimate of $3.34. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Scotiabank also issued estimates for Kinross Gold’s FY2027 earnings at $3.36 EPS.

A number of other brokerages also recently commented on K. Desjardins lowered their price objective on Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. National Bank Financial reduced their target price on shares of Kinross Gold from C$42.50 to C$40.00 and set an “outperform” rating on the stock in a report on Friday, October 30th. BMO Capital Markets decreased their price target on shares of Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Finally, ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$41.00 to C$45.00 in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$48.17.

Kinross Gold Price Performance

K stock opened at C$29.91 on Thursday. The business’s 50-day moving average is C$36.05 and its two-hundred day moving average is C$39.73. The company has a debt-to-equity ratio of 7.56, a current ratio of 2.87 and a quick ratio of 1.11. The firm has a market capitalization of C$35.24 billion, a P/E ratio of 11.33, a P/E/G ratio of -0.60 and a beta of 1.75. Kinross Gold has a 1 year low of C$27.50 and a 1 year high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings results on Wednesday, October 28th. The company reported C$0.71 earnings per share for the quarter. Kinross Gold had a return on equity of 34.13% and a net margin of 37.64%. The company had revenue of C$2.53 billion for the quarter.

Insiders Place Their Bets

In other news, insider Laurence Davies sold 1,335 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total transaction of C$51,370.80. Following the completion of the transaction, the insider directly owned 11,855 shares of the company’s stock, valued at approximately C$456,180.40. This represents a 10.12% decrease in their position. Also, insider Daniel Fombonne sold 2,003 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total value of C$77,075.44. Following the transaction, the insider directly owned 16,155 shares of the company’s stock, valued at approximately C$621,644.40. This represents a 11.03% decrease in their ownership of the stock. Insiders sold 33,338 shares of company stock valued at $1,351,546 in the last ninety days. Insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).