Scotiabank Has Negative View of Kinross Gold FY2026 Earnings

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Scotiabank dropped their FY2026 earnings per share estimates for Kinross Gold in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $0.83 per share for the year, down from their previous estimate of $0.92. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Other equities analysts have also issued reports about the stock. National Bankshares raised their price objective on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$17.10.

Kinross Gold Price Performance

Shares of TSE K opened at C$17.46 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The stock has a fifty day simple moving average of C$16.15 and a two-hundred day simple moving average of C$14.49. Kinross Gold has a 1-year low of C$7.70 and a 1-year high of C$17.76. The firm has a market cap of C$15.18 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.69%. Kinross Gold’s dividend payout ratio is presently 18.84%.

Insider Activity at Kinross Gold

In other news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.22, for a total transaction of C$1,512,061.34. Also, Senior Officer Laurence Davies sold 10,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$16.58, for a total transaction of C$165,800.00. Insiders sold a total of 344,670 shares of company stock worth $5,276,336 over the last quarter. 0.26% of the stock is owned by corporate insiders.

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.