TD Securities Lowers Kinross Gold (NYSE:KGC) Price Target to $35.00

Kinross Gold (NYSE:KGC) (TSE:K) had its target price reduced by stock analysts at TD Securities from $40.00 to $35.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the mining company’s stock. TD Securities’ price objective points to a potential upside of 44.36% from the company’s previous close.

A number of other analysts have also issued reports on KGC. Zacks Research upgraded shares of Kinross Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Weiss Ratings downgraded shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, July 31st. Wall Street Zen downgraded shares of Kinross Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, UBS Group reduced their price objective on Kinross Gold from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.14.

Kinross Gold Trading Down 12.2%

NYSE:KGC traded down $3.38 during trading hours on Thursday, reaching $24.25. 14,013,616 shares of the stock were exchanged, compared to its average volume of 9,408,105. Kinross Gold has a twelve month low of $22.01 and a twelve month high of $39.11. The business has a 50-day moving average of $27.63 and a two-hundred day moving average of $28.41. The company has a market capitalization of $28.72 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.70 and a beta of 0.84. 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 quarterly earnings data on Wednesday, July 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, equities analysts predict that Kinross Gold will post 2.56 EPS for the current year.

Hedge Funds Weigh In On Kinross Gold

Several large investors have recently bought and sold shares of KGC. Caitlin John LLC lifted its holdings in shares of Kinross Gold by 42.1% in the second quarter. Caitlin John LLC now owns 1,350 shares of the mining company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its position in Kinross Gold by 0.4% during the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 141,100 shares of the mining company’s stock valued at $3,329,000 after buying an additional 500 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Kinross Gold by 80.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,355 shares of the mining company’s stock worth $41,000 after purchasing an additional 605 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Kinross Gold by 6.8% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,137 shares of the mining company’s stock valued at $309,000 after buying an additional 645 shares during the period. Finally, Baron Wealth Management LLC raised its stake in Kinross Gold by 3.1% in the 2nd quarter. Baron Wealth Management LLC now owns 21,941 shares of the mining company’s stock valued at $518,000 after acquiring an additional 653 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold News Summary

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

• Positive Sentiment: Kinross raised its 2026 return-of-capital target to 50% of free cash flow, potentially supporting shareholder distributions despite the operational setbacks. Kinross Gold Updates Production Outlook, Raises Capital Return Target
• Positive Sentiment: Scotiabank maintained a sector outperform rating, although it lowered its price target from $41 to $39. Other recent analyst targets remain above the current market level, indicating that some analysts still see substantial upside if operating performance improves. Scotiabank Adjusts Kinross Gold Price Target
• Neutral Sentiment: Institutional positioning was mixed in the latest reported quarter, with some large investors adding shares while others reduced their holdings. This provides no clear near-term directional signal for KGC.
• Negative Sentiment: Kinross now expects 2026 and 2027 attributable production of approximately 1.84 million to 1.86 million gold-equivalent ounces annually, or 2% to 3% below the low end of its prior guidance. Kinross Gold Lowers 2026 and 2027 Gold Production Outlook
• Negative Sentiment: The company raised its 2026 cost guidance to approximately $1,420–$1,460 per ounce for production cost of sales and $1,850–$1,900 per ounce for all-in sustaining costs. Higher costs threaten margins and free cash flow.
• Negative Sentiment: Operational problems at La Coipa in Chile—including severe winter weather, lower mining rates, weaker mill throughput and recovery issues—and at Round Mountain in Nevada, where grades, recoveries and mining rates were below expectations, drove the outlook reduction. Kinross Gold Operational Update

Kinross Gold Company Profile

Kinross Gold Corporation is a Canadian gold mining company engaged in the acquisition, exploration, development and operation of gold properties. Its primary product is gold, which it produces through a portfolio of open-pit and underground mining operations, supported by processing facilities and related infrastructure.

The company’s operating portfolio spans the Americas and West Africa. Its assets include the Tasiast mine in Mauritania; the Paracatu mine in Brazil; the La Coipa mine in Chile; and the Fort Knox and Round Mountain mines in the United States.