Scotiabank Forecasts Kinross Gold’s FY2026 Earnings (TSE:K)

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Research analysts at Scotiabank lowered their FY2026 EPS estimates for Kinross Gold in a report released on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the company will earn $0.83 per share for the year, down from their prior forecast of $0.92. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

Several other analysts also recently weighed in on K. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bankshares upped their target price on Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$17.10.

Kinross Gold Stock Performance

TSE K opened at C$17.46 on Monday. Kinross Gold has a fifty-two week low of C$7.70 and a fifty-two week high of C$17.76. The company has a market cap of C$15.18 billion, a P/E ratio of 20.55, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The business’s 50 day moving average price is C$16.15 and its 200-day moving average price is C$14.49.

Insiders Place Their Bets

In other Kinross Gold news, Director George Vincent Albino purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of C$16.07 per share, with a total value of C$80,369.87. Also, Senior Officer Geoffrey Peters Gold sold 99,347 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$15.22, for a total transaction of C$1,512,061.34. Insiders have sold a total of 344,670 shares of company stock valued at $5,276,336 in the last 90 days. 0.26% of the stock is owned by insiders.

Kinross Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.69%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

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.