Zacks Research Forecasts Increased Earnings for Kinross Gold

Kinross Gold Co. (TSE:K) (NYSE:KGC) – Investment analysts at Zacks Research lifted their Q4 2026 earnings per share (EPS) estimates for shares of Kinross Gold in a report released on Wednesday, August 19th. Zacks Research analyst Team now forecasts that the company will earn $0.88 per share for the quarter, up from their previous forecast of $0.85. The consensus estimate for Kinross Gold’s current full-year earnings is $1.01 per share. Zacks Research also issued estimates for Kinross Gold’s Q1 2028 earnings at $0.84 EPS and Q2 2028 earnings at $0.79 EPS.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. Kinross Gold had a return on equity of 35.91% and a net margin of 37.56%.The company had revenue of C$3.18 billion for the quarter.

K has been the subject of a number of other reports. Freedom Capital raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. National Bank Financial lowered their target price on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating on the stock in a report on Friday, July 31st. BMO Capital Markets boosted their price target on Kinross Gold from C$45.00 to C$55.00 in a report on Wednesday, April 22nd. Jefferies Financial Group cut their price objective on shares of Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. Finally, ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from C$41.00 to C$45.00 in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Kinross Gold has an average rating of “Buy” and an average price target of C$47.36.

Kinross Gold Price Performance

Shares of TSE K opened at C$41.30 on Thursday. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.89 and a quick ratio of 1.11. The stock has a fifty day moving average price of C$35.13 and a 200 day moving average price of C$40.25. Kinross Gold has a 1-year low of C$26.01 and a 1-year high of C$53.57. The company has a market cap of C$48.99 billion, a PE ratio of 15.70, a P/E/G ratio of -0.60 and a beta of 1.48.

Insider Activity

In related news, insider Laurence Davies sold 1,335 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total value of C$51,370.80. Following the completion of the transaction, the insider owned 11,855 shares in the company, valued at C$456,180.40. This trade represents a 10.12% decrease in their position. Also, insider Claude J.S. Schimper sold 15,000 shares of Kinross Gold stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$40.33, for a total value of C$604,950.00. Following the transaction, the insider owned 49,060 shares in the company, valued at C$1,978,589.80. This represents a 23.42% decrease in their position. In the last 90 days, insiders sold 30,338 shares of company stock worth $1,219,276. Insiders own 0.26% of the company’s stock.

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.