Wall Street Zen Downgrades Kinross Gold (NYSE:KGC) to Hold

Kinross Gold (NYSE:KGC) (TSE:K) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research firms also recently issued reports on KGC. UBS Group reduced their price objective on Kinross Gold from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Jefferies Financial Group cut their target price on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating for the company in a report on Monday, July 6th. Weiss Ratings cut shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Scotiabank decreased their price target on shares of Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Finally, ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.31.

Kinross Gold Stock Performance

Shares of NYSE KGC opened at $23.08 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.95 and a current ratio of 2.89. The company has a market cap of $27.38 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.63 and a beta of 0.78. The firm’s fifty day moving average is $25.26 and its two-hundred day moving average is $29.91. Kinross Gold has a 52-week low of $15.78 and a 52-week high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.66 by $0.05. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s quarterly revenue was up 29.5% compared to the same quarter last year. As a group, analysts anticipate that Kinross Gold will post 2.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Kinross Gold

Several large investors have recently added to or reduced their stakes in KGC. V Square Quantitative Management LLC purchased a new position in shares of Kinross Gold during the fourth quarter worth approximately $26,000. Financial Management Professionals Inc. purchased a new stake in shares of Kinross Gold in the fourth quarter valued at approximately $26,000. Virtus Advisers LLC bought a new position in Kinross Gold in the third quarter worth approximately $28,000. Ascentis Independent Advisors bought a new position in Kinross Gold in the first quarter worth approximately $29,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Kinross Gold by 85.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company’s stock worth $32,000 after purchasing an additional 589 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold News Roundup

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

• Positive Sentiment: Kinross reported second-quarter adjusted earnings of $0.71 per share, ahead of the $0.66 analyst consensus and up from $0.44 a year earlier. Revenue rose 29.5% year over year to $2.22 billion, while production reached 492,000 gold-equivalent ounces. Kinross Gold Q2 Earnings Surpass Estimates
• Positive Sentiment: Free cash flow exceeded $725 million in the quarter, supported by disciplined cost management and strong margins. Kinross said it returned about 40% of free cash flow to shareholders, totaling more than $600 million year to date, while maintaining its full-year outlook. Kinross Reports Strong 2026 Second-Quarter Results
• Positive Sentiment: The board declared a quarterly dividend of $0.04 per share, payable September 3 to shareholders of record August 20. The payout reinforces Kinross’ shareholder-return program, although the indicated yield is relatively modest at approximately 0.7%. Kinross Declares Quarterly Dividend
• Neutral Sentiment: Lobo-Marte remains a potentially significant growth project, with expected average annual production of roughly 350,000 ounces, estimated all-in sustaining costs near $1,000 per ounce and a projected net present value of $4.3 billion. Permitting and engineering are reportedly progressing as planned. Kinross Provides Update on Lobo-Marte Project
• Negative Sentiment: Investors may be concerned that Lobo-Marte’s projected development cost has increased 67%. Although the project’s net present value has more than tripled, the higher capital requirement raises execution, financing and cost-overrun risks. Kinross Gold’s Lobo-Marte Cost Jumps 67%
• Negative Sentiment: Quarterly revenue was slightly below the $2.24 billion consensus estimate. The stock also remains below its 50-day and 200-day moving averages, indicating that near-term sentiment is cautious even after the earnings beat.

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.