Zacks Research Has Negative View of Kinross Gold Q3 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Zacks Research lowered their Q3 2026 EPS estimates for Kinross Gold in a note issued to investors on Wednesday, August 19th. Zacks Research analyst Team now expects that the company will earn $0.79 per share for the quarter, down from their prior forecast of $1.04. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Zacks Research also issued estimates for Kinross Gold’s FY2026 earnings at $3.63 EPS, Q1 2027 earnings at $0.88 EPS, Q2 2027 earnings at $0.88 EPS, Q3 2027 earnings at $0.79 EPS, Q4 2027 earnings at $0.87 EPS, FY2027 earnings at $3.43 EPS and FY2028 earnings at $3.26 EPS.

A number of other equities research analysts have also issued reports on the company. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$41.00 to C$45.00 in a research report on Friday, July 31st. National Bank Financial reduced their price objective on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Freedom Capital raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Jefferies Financial Group dropped their target price on Kinross Gold from C$41.00 to C$38.00 in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and a consensus target price of C$47.36.

Kinross Gold Trading Up 5.0%

K opened at C$43.38 on Friday. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.89 and a quick ratio of 1.11. The company’s 50 day simple moving average is C$35.30 and its two-hundred day simple moving average is C$40.26. Kinross Gold has a 1-year low of C$26.45 and a 1-year high of C$53.57. The firm has a market capitalization of C$51.46 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of -0.60 and a beta of 1.48.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 earnings per share (EPS) for the quarter. The company had revenue of C$3.18 billion during the quarter. Kinross Gold had a net margin of 37.56% and a return on equity of 35.91%.

Insider Activity

In other news, insider Daniel Fombonne sold 2,003 shares of Kinross Gold stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total transaction of C$77,075.44. Following the sale, the insider owned 16,155 shares of the company’s stock, valued at approximately C$621,644.40. The trade was a 11.03% decrease in their position. Also, insider Claude J.S. Schimper sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$40.33, for a total value of C$604,950.00. Following the completion of the transaction, the insider owned 49,060 shares in the company, valued at C$1,978,589.80. This represents a 23.42% decrease in their ownership of the stock. In the last 90 days, insiders sold 60,338 shares of company stock worth $2,442,376. Corporate insiders own 0.26% of the company’s stock.

Key Kinross Gold News

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

• Positive Sentiment: Gold’s potential to reach $5,000 by 2027 could benefit Kinross as a major gold producer, supporting expectations for stronger realized prices, cash flow and margins. Gold Could Hit $5000 by 2027 and These Gold Stocks Could Benefit
• Positive Sentiment: Kinross continues to have supportive operating fundamentals, including a 37.56% net margin, 35.91% return on equity and C$3.18 billion in quarterly revenue. The analyst consensus remains “Buy,” with one Strong Buy and five Buy ratings.
• Neutral Sentiment: Analyst opinions remain split: some firms have raised their ratings or targets, including ATB Cormark’s C$45 target, while Jefferies and National Bank Financial recently lowered their targets to C$38 and C$47.50, respectively.
• Negative Sentiment: Zacks Research cut its Q3 2026 EPS estimate to $0.79 from $1.04 and reduced FY2026 EPS to $3.63 from $3.82. It also lowered estimates for every reported 2027 quarter, FY2027 to $3.43 from $3.88, and FY2028 to $3.26 from $3.81. The revisions suggest analysts expect weaker-than-previously-modeled earnings growth.
• Negative Sentiment: Kinross insider William Dunford sold 30,000 shares for approximately C$1.22 million, reducing his direct holdings by 52.29%. Although one insider transaction is not conclusive, the sizable sale may add short-term selling pressure. William Dunford Sells 30,000 Shares of Kinross Gold

About Kinross Gold

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.