Scotia Cuts Kinross Gold (NYSE:KGC) Price Target to $39.00

Kinross Gold (NYSE:KGC) (TSE:K) had its target price cut by Scotia from $41.00 to $39.00 in a research report report published on Thursday morning,BayStreet reports. They currently have a sector outperform rating on the mining company’s stock.

A number of other brokerages have also commented on KGC. Jefferies Financial Group cut their price target on Kinross Gold from $41.00 to $38.00 and set a “buy” rating for the company in a report on Monday, July 6th. TD Securities lowered their price objective on shares of Kinross Gold from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank Of Canada dropped their target price on shares of Kinross Gold from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 31st. Finally, Zacks Research raised shares of Kinross Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.70.

Kinross Gold Stock Up 2.7%

Shares of Kinross Gold stock opened at $25.07 on Thursday. Kinross Gold has a 12-month low of $22.01 and a 12-month high of $39.11. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $27.71 and a two-hundred day moving average price of $28.33. The stock has a market capitalization of $29.70 billion, a P/E ratio of 9.50, a PEG ratio of 0.61 and a beta of 0.84.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.71 earnings per share (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 during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm earned $0.44 EPS. Kinross Gold’s quarterly revenue was up 29.5% compared to the same quarter last year. Equities analysts expect that Kinross Gold will post 2.47 earnings per share for the current year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.04 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. Kinross Gold’s dividend payout ratio is currently 6.06%.

Institutional Trading of Kinross Gold

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in Kinross Gold by 2.3% in the first quarter. Renaissance Technologies LLC now owns 25,546,413 shares of the mining company’s stock worth $779,677,000 after purchasing an additional 571,100 shares in the last quarter. Norges Bank acquired a new stake in Kinross Gold during the fourth quarter valued at approximately $518,656,000. Geode Capital Management LLC boosted its holdings in Kinross Gold by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 12,987,140 shares of the mining company’s stock valued at $383,694,000 after purchasing an additional 701,650 shares in the last quarter. Man Group plc bought a new stake in shares of Kinross Gold in the 2nd quarter valued at approximately $298,152,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Kinross Gold in the 2nd quarter valued at approximately $264,652,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Kinross Gold

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

• Positive Sentiment: Kinross raised its 2026 return-of-capital target to 50% of free cash flow, potentially supporting the stock through higher dividends, buybacks or other shareholder distributions. Kinross Gold Updates Production Outlook, Raises Capital Return Target
• Positive Sentiment: Analysts remain broadly constructive despite lowering their targets. CIBC cut its target to $50 while maintaining an “outperformer” rating, and Scotia, Canaccord and TD retained “sector outperform” or “buy” ratings. Kinross Gold Stock Falls on Production Guidance Cuts and Price Target Reduction
• Neutral Sentiment: Unusually heavy call-option activity was reported, with investors purchasing approximately 17,609 calls—about 183% above average volume. This may signal speculative bullish interest but does not necessarily indicate sustained buying.
• Negative Sentiment: Kinross now expects annual 2026 and 2027 attributable production of approximately 1.84–1.86 million gold-equivalent ounces, 2%–3% below the low end of its prior guidance. Kinross Gold Updates Production Outlook, Raises Capital Return Target
• Negative Sentiment: The company raised its 2026 cost-of-sales guidance to approximately $1,420–$1,460 per ounce and all-in sustaining costs to $1,850–$1,900 per ounce, pressuring expected margins.
• Negative Sentiment: Operational problems at La Coipa in Chile—including severe weather, lower mining rates, weaker throughput and recovery issues—and lower mining rates, grades and recoveries at Round Mountain reduced expected output. Paracatu and Tasiast continue to perform well, and management indicated some affected ounces may be deferred rather than permanently lost. Kinross Gold shares tumble on weaker La Coipa, Round Mountain outlook
• Negative Sentiment: Multiple brokers lowered their price targets, including TD to $35, Scotia to $39, Canaccord to $47 and CIBC to $50. A shareholder-law investigation notice also added reputational and legal uncertainty, although it represents an allegation rather than a finding of wrongdoing. Kinross Gold Investigation Notice

About Kinross Gold

Kinross Gold Corporation is a Canadian gold mining company engaged in the acquisition, exploration, development and operation of gold properties. Its primary product is gold, which it produces through a portfolio of open-pit and underground mining operations, supported by processing facilities and related infrastructure.

The company’s operating portfolio spans the Americas and West Africa. Its assets include the Tasiast mine in Mauritania; the Paracatu mine in Brazil; the La Coipa mine in Chile; and the Fort Knox and Round Mountain mines in the United States.