Kinross Gold (NYSE:KGC) Stock Price Down 3.5% – Here’s Why

Kinross Gold Corporation (NYSE:KGC) (TSE:K)’s stock price traded down 3.5% during mid-day trading on Thursday . The company traded as low as $31.93 and last traded at $32.77. 12,700,383 shares changed hands during trading, an increase of 5% from the average session volume of 12,056,648 shares. The stock had previously closed at $33.97.

Trending Headlines about Kinross Gold

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

• Positive Sentiment: Zacks Research raised multiple quarterly and full‑year EPS forecasts for Kinross (including Q1/Q2/Q4 and FY2026–FY2027), materially boosting forward earnings expectations — though Zacks still carries a “Hold” rating, so the upgrades improve earnings visibility but don’t constitute a buy endorsement. Kinross Gold Q3 EPS Forecast Increased by Zacks Research
• Neutral Sentiment: Consensus analyst coverage remains cautiously positive: a recent survey shows Kinross with an average rating around “Moderate Buy,” indicating modest analyst support but mixed conviction across the broker community. Kinross Gold Corporation (NYSE:KGC) Receives Average Rating of “Moderate Buy” from Analysts
• Negative Sentiment: TD Securities trimmed its price target and published a pessimistic outlook that triggered a sharp intraday decline (reported as an analyst downgrade reaction). The TD note and ensuing selling pressure are the principal drivers of today’s weaker share performance. Kinross Gold (NYSE:KGC) Stock Price Down 8.2% After Analyst Downgrade TD Securities Issues Pessimistic Forecast for Kinross Gold (NYSE:KGC) Stock Price

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. Desjardins initiated coverage on shares of Kinross Gold in a research note on Friday, November 28th. They issued a “buy” rating on the stock. Wall Street Zen cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Monday. UBS Group set a $43.00 price target on Kinross Gold in a research report on Friday, January 30th. Finally, Scotiabank lifted their price objective on Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Kinross Gold has an average rating of “Moderate Buy” and an average target price of $36.31.

Kinross Gold Stock Performance

The company has a 50 day moving average of $33.33 and a two-hundred day moving average of $27.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.35 and a quick ratio of 1.37. The company has a market capitalization of $39.32 billion, a PE ratio of 16.72, a PEG ratio of 1.65 and a beta of 0.73.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 18th. The mining company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.55 by $0.12. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.05 billion. Kinross Gold had a return on equity of 28.22% and a net margin of 33.90%.The company’s revenue for the quarter was up 42.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. As a group, equities research analysts predict that Kinross Gold Corporation will post 0.81 earnings per share for the current year.

Kinross Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This is an increase from Kinross Gold’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 0.5%. Kinross Gold’s payout ratio is presently 7.14%.

Institutional Trading of Kinross Gold

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in Kinross Gold by 3.2% during the 4th quarter. Parallel Advisors LLC now owns 9,310 shares of the mining company’s stock valued at $262,000 after buying an additional 292 shares in the last quarter. Turning Point Benefit Group Inc. increased its holdings in shares of Kinross Gold by 6.6% during the fourth quarter. Turning Point Benefit Group Inc. now owns 6,315 shares of the mining company’s stock valued at $178,000 after acquiring an additional 393 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Kinross Gold by 2.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 22,569 shares of the mining company’s stock valued at $636,000 after acquiring an additional 473 shares in the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Kinross Gold by 32.9% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,950 shares of the mining company’s stock worth $55,000 after purchasing an additional 483 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its stake in Kinross Gold by 2.1% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,309 shares of the mining company’s stock worth $629,000 after purchasing an additional 521 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Company Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.