Scotiabank Brokers Lower Earnings Estimates for Kinross Gold

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Scotiabank dropped their FY2026 earnings per share estimates for Kinross Gold in a report issued 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 prior estimate of $0.92. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share.

A number of other research firms have also recently commented on K. National Bankshares lifted their price target 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. Stifel Canada upgraded 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$17.10.

Kinross Gold Price Performance

TSE:K opened at C$17.46 on Monday. Kinross Gold has a 52-week low of C$7.66 and a 52-week high of C$17.76. 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 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 stock’s 50-day simple moving average is C$16.09 and its 200 day simple moving average is C$14.47.

Insider Transactions at Kinross Gold

In related news, Senior Officer Laurence Davies sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$16.58, for a total value of C$165,800.00. Also, Director George Vincent Albino purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of C$16.07 per share, with a total value of C$80,369.87. Insiders sold a total of 344,670 shares of company stock worth $5,276,336 over the last quarter. Company insiders own 0.26% of the company’s stock.

Kinross Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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%.

Kinross Gold Company Profile

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.