Scotiabank Analysts Cut Earnings Estimates for Kinross Gold

Kinross Gold Co. (NYSE:KGC) (TSE:K) – Analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of Kinross Gold in a research note issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $0.58 per share for the year, down from their prior estimate 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 released its quarterly earnings data 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%.

Several other equities research analysts have also recently weighed in on KGC. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, CIBC lifted their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report 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. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $11.63.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $12.21 on Monday. The firm has a market cap of $15.02 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. Kinross Gold has a 52 week low of $5.67 and a 52 week high of $12.39. The firm’s fifty day moving average is $11.25 and its 200-day moving average is $10.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.83 and a current ratio of 2.01.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 dividend on an annualized basis and a yield of 0.98%. Kinross Gold’s dividend payout ratio (DPR) is currently 15.58%.

Institutional Investors Weigh In On Kinross Gold

Several large investors have recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in Kinross Gold by 2.2% in the 4th quarter. Signaturefd LLC now owns 41,072 shares of the mining company’s stock worth $381,000 after buying an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after acquiring an additional 1,002 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company’s stock valued at $423,000 after purchasing an additional 1,079 shares during the last quarter. Schechter Investment Advisors LLC raised its stake in shares of Kinross Gold by 2.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company’s stock worth $367,000 after acquiring an additional 1,080 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its position in Kinross Gold by 4.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,652 shares of the mining company’s stock valued at $219,000 after buying an additional 1,106 shares during the period. Hedge funds and other 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.