TD Securities Lowers Kinross Gold (NYSE:KGC) Price Target to $35.00

Kinross Gold (NYSE:KGC) (TSE:K) had its price target decreased by equities research analysts at TD Securities from $40.00 to $35.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ price target indicates a potential upside of 44.36% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada reduced their price target on shares of Kinross Gold from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Scotiabank lowered their target price on Kinross Gold from $41.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings downgraded shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Zacks Research raised Kinross Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Kinross Gold currently has a consensus rating of “Moderate Buy” and an average price target of $37.14.

Kinross Gold Trading Down 12.2%

NYSE:KGC traded down $3.38 during midday trading on Thursday, reaching $24.25. 14,013,616 shares of the stock traded hands, compared to its average volume of 9,408,105. The stock has a market capitalization of $28.72 billion, a P/E ratio of 9.17, a PEG ratio of 0.70 and a beta of 0.84. 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 fifty day moving average of $27.63 and a 200 day moving average of $28.41. 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 posted 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 company had revenue of $2.22 billion during 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%. Kinross Gold’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. On average, research analysts predict that Kinross Gold will post 2.56 EPS for the current year.

Institutional Trading of Kinross Gold

A number of hedge funds have recently bought and sold shares of the stock. Caitlin John LLC boosted its stake in Kinross Gold by 42.1% in the second quarter. Caitlin John LLC now owns 1,350 shares of the mining company’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its holdings in Kinross Gold by 0.4% in the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 141,100 shares of the mining company’s stock worth $3,329,000 after purchasing an additional 500 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Kinross Gold by 80.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,355 shares of the mining company’s stock worth $41,000 after purchasing an additional 605 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Kinross Gold by 6.8% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,137 shares of the mining company’s stock worth $309,000 after purchasing an additional 645 shares in the last quarter. Finally, Baron Wealth Management LLC lifted its holdings in shares of Kinross Gold by 3.1% during the 2nd quarter. Baron Wealth Management LLC now owns 21,941 shares of the mining company’s stock valued at $518,000 after purchasing an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Trending Headlines about 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 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

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.