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

Kinross Gold (NYSE:KGC) (TSE:K) had its target price decreased by investment analysts at Scotia from $41.00 to $39.00 in a report issued on Thursday, BayStreet reports. The firm presently has a “sector outperform” rating on the mining company’s stock. Scotia’s price target indicates a potential upside of 61.54% from the stock’s previous close.

A number of other equities analysts also recently commented on KGC. Royal Bank Of Canada reduced 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 note on Thursday, July 9th. Zacks Research upgraded Kinross Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Wall Street Zen lowered Kinross Gold from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group cut their target price on Kinross Gold from $38.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Scotiabank decreased their price target on Kinross Gold from $41.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.10.

Kinross Gold Price Performance

Kinross Gold stock traded down $3.48 during midday trading on Thursday, reaching $24.14. The company had a trading volume of 14,259,855 shares, compared to its average volume of 9,410,186. The firm’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $28.41. The company has a market capitalization of $28.60 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.70 and a beta of 0.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.95. Kinross Gold has a 12-month low of $22.01 and a 12-month high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The business’s revenue was up 29.5% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. As a group, equities analysts anticipate that Kinross Gold will post 2.56 EPS for the current year.

Institutional Investors Weigh In On Kinross Gold

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings 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 valued at $779,677,000 after buying an additional 571,100 shares during the period. Norges Bank purchased a new stake in Kinross Gold during the 4th quarter worth $518,656,000. Geode Capital Management LLC raised its position in shares of Kinross Gold by 5.7% in the 4th 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 grew its holdings in Kinross Gold by 7.6% during the 4th quarter. Man Group plc now owns 12,526,669 shares of the mining company’s stock worth $352,751,000 after acquiring an additional 882,373 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Kinross Gold by 9.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 10,014,321 shares of the mining company’s stock valued at $305,888,000 after purchasing an additional 854,802 shares in the last quarter. Hedge funds and other institutional investors 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: Kinross raised its 2026 return-of-capital target to 50% of free cash flow, potentially supporting shareholder distributions despite the operational setbacks. Kinross Gold Updates Production Outlook, Raises Capital Return Target
• Positive Sentiment: Scotiabank maintained a sector outperform rating, although it lowered its price target from $41 to $39. Other recent analyst targets remain above the current market level, indicating that some analysts still see substantial upside if operating performance improves. Scotiabank Adjusts Kinross Gold Price Target
• Neutral Sentiment: Institutional positioning was mixed in the latest reported quarter, with some large investors adding shares while others reduced their holdings. This provides no clear near-term directional signal for KGC.
• Negative Sentiment: Kinross now expects 2026 and 2027 attributable production of approximately 1.84 million to 1.86 million gold-equivalent ounces annually, or 2% to 3% below the low end of its prior guidance. Kinross Gold Lowers 2026 and 2027 Gold Production Outlook
• Negative Sentiment: The company raised its 2026 cost guidance to approximately $1,420–$1,460 per ounce for production cost of sales and $1,850–$1,900 per ounce for all-in sustaining costs. Higher costs threaten margins and free cash flow.
• Negative Sentiment: Operational problems at La Coipa in Chile—including severe winter weather, lower mining rates, weaker mill throughput and recovery issues—and at Round Mountain in Nevada, where grades, recoveries and mining rates were below expectations, drove the outlook reduction. Kinross Gold Operational Update

Kinross Gold Company Profile

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.