TD Securities Cuts Kinross Gold (NYSE:KGC) Price Target to $42.00

Kinross Gold (NYSE:KGC) (TSE:K) had its price target trimmed by TD Securities from $43.00 to $42.00 in a report published on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

KGC has been the topic of a number of other reports. UBS Group set a $43.00 target price on shares of Kinross Gold in a research note on Friday, January 30th. Wall Street Zen cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a report on Monday. Zacks Research downgraded Kinross Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Scotiabank boosted their price objective on Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.31.

Kinross Gold Stock Down 3.5%

Shares of KGC stock opened at $32.77 on Tuesday. The stock’s 50 day simple moving average is $33.40 and its 200 day simple moving average is $27.62. Kinross Gold has a twelve month low of $10.42 and a twelve month high of $39.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 2.35. The company has a market capitalization of $39.32 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.66 and a beta of 0.73.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, February 18th. The mining company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.55 by $0.12. Kinross Gold had a return on equity of 28.22% and a net margin of 33.90%.The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 42.9% compared to the same quarter last year. As a group, research analysts predict that Kinross Gold will post 0.81 EPS for the current year.

Kinross Gold Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be paid a $0.04 dividend. The ex-dividend date is Wednesday, March 11th. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Kinross Gold’s dividend payout ratio is currently 7.14%.

Institutional Investors Weigh In On Kinross Gold

A number of institutional investors have recently bought and sold shares of KGC. AQR Capital Management LLC raised its stake in shares of Kinross Gold by 35.1% in the 1st quarter. AQR Capital Management LLC now owns 70,370 shares of the mining company’s stock valued at $887,000 after buying an additional 18,287 shares in the last quarter. Caxton Associates LLP bought a new stake in Kinross Gold in the first quarter valued at about $158,000. Sivia Capital Partners LLC acquired a new position in Kinross Gold in the second quarter worth about $167,000. Envestnet Asset Management Inc. lifted its stake in Kinross Gold by 7.1% during the second quarter. Envestnet Asset Management Inc. now owns 661,549 shares of the mining company’s stock worth $10,340,000 after purchasing an additional 43,819 shares during the period. Finally, Atria Investments Inc lifted its stake in Kinross Gold by 14.2% during the second quarter. Atria Investments Inc now owns 16,660 shares of the mining company’s stock worth $260,000 after purchasing an additional 2,076 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold News Summary

Here are the key news stories impacting Kinross Gold this week:

• Positive Sentiment: Zacks Research sharply raised multiple near‑ and medium‑term EPS forecasts for Kinross (Q1–Q4 2026, FY2026, Q1–Q2 2027, FY2027), lifting FY2026/FY2027 estimates and indicating stronger expected earnings trajectory (Zacks still rates the stock “Hold”). Kinross Gold Q3 EPS Forecast Increased by Zacks Research
• Positive Sentiment: Analyst consensus remains mildly favorable — Kinross recently received an average analyst rating around “Moderate Buy,” supporting demand among investors who focus on analyst sentiment. Kinross Gold Corporation (NYSE:KGC) Receives Average Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Sector tailwind: record gold prices and strong operational progress at peers (e.g., Barrick) are cited as key drivers for miner share gains, which supports Kinross’s revenue/earnings outlook and investor interest in the gold‑miner group. Should You Buy Barrick Mining Stock After a 61% Rally in 6 Months?
• Negative Sentiment: TD Securities cut its price target on KGC (reported as a slight reduction from $43.00 to $42.00) and issued commentary viewed as pessimistic by some market participants; that call contributed to intraday selling pressure. TD Securities Issues Pessimistic Forecast for Kinross Gold (NYSE:KGC) Stock Price
• Negative Sentiment: Market reaction: coverage noting the TD action and downgrade led to a sharp intraday decline (reports flagged an ~8% drop at one point), amplifying volatility despite the positive estimate revisions. Kinross Gold (NYSE:KGC) Stock Price Down 8.2% After Analyst Downgrade

Kinross Gold Company Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.