Kinross Gold Stock Gets Lower EPS Forecast from Scotiabank

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Analysts at Scotiabank decreased their FY2026 earnings estimates for shares of Kinross Gold in a report issued on Monday, November 2nd. Scotiabank analyst T. Jakusconek now expects that the company will earn $3.29 per share for the year, down from their previous 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.

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

Several other brokerages have also issued reports on K. National Bank Financial dropped their price objective on 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. Desjardins reduced their target price on Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating for the company in a report on Thursday, September 24th. BMO Capital Markets decreased their target price on Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Finally, ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$41.00 to C$45.00 in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$48.17.

Kinross Gold Price Performance

Shares of K opened at C$29.91 on Thursday. The company has a debt-to-equity ratio of 7.56, a current ratio of 2.87 and a quick ratio of 1.11. Kinross Gold has a 1-year low of C$27.50 and a 1-year high of C$53.57. The stock has a market cap of C$35.24 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of -0.60 and a beta of 1.75. The firm has a fifty day moving average price of C$36.05 and a 200 day moving average price of C$39.73.

Insiders Place Their Bets

In other news, insider Daniel Fombonne sold 2,003 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total value of C$77,075.44. Following the completion of the sale, 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. Also, insider William D. Dunford sold 30,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$40.77, for a total transaction of C$1,223,100.00. Following the sale, the insider owned 27,374 shares of the company’s stock, valued at C$1,116,037.98. This trade represents a 52.29% decrease in their position. In the last three months, insiders have sold 33,338 shares of company stock valued at $1,351,546. 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).