Scotiabank Has Weak Outlook for Kinross Gold FY2026 Earnings

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Analysts at Scotiabank cut their FY2026 earnings estimates for shares of Kinross Gold in a note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $0.58 per share for the year, down from their previous forecast of $0.64. The consensus estimate for Kinross Gold’s current full-year earnings is $0.81 per share.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%.

Other equities analysts have also issued reports about the company. StockNews.com lowered Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, CIBC upped their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $11.63.

Kinross Gold Stock Performance

KGC stock opened at $12.21 on Monday. Kinross Gold has a 1-year low of $5.67 and a 1-year high of $12.39. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The firm has a market cap of $15.02 billion, a PE ratio of 15.85, a P/E/G ratio of 0.68 and a beta of 1.29. The business’s 50-day moving average price is $11.25 and its two-hundred day moving average price is $10.30.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.98%. Kinross Gold’s dividend payout ratio is presently 15.58%.

Hedge Funds Weigh In On Kinross Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capstone Investment Advisors LLC acquired a new position in shares of Kinross Gold in the third quarter valued at approximately $774,000. Mediolanum International Funds Ltd acquired a new stake in shares of Kinross Gold during the fourth quarter worth $2,506,000. Truist Financial Corp boosted its holdings in Kinross Gold by 48.2% in the 4th quarter. Truist Financial Corp now owns 302,057 shares of the mining company’s stock valued at $2,800,000 after purchasing an additional 98,196 shares during the period. Geode Capital Management LLC increased its holdings in shares of Kinross Gold by 16.9% during the third quarter. Geode Capital Management LLC now owns 5,730,283 shares of the mining company’s stock worth $54,803,000 after purchasing an additional 828,456 shares during the period. Finally, DJE Kapital AG bought a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $3,723,000. Institutional investors own 63.69% of the company’s stock.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.