Canaccord Genuity Group Lowers Kinross Gold (NYSE:KGC) Price Target to $47.00

Kinross Gold (NYSE:KGC) (TSE:K) had its price objective reduced by equities researchers at Canaccord Genuity Group from $52.00 to $47.00 in a note issued to investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 94.68% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Kinross Gold from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 31st. 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. Wall Street Zen lowered shares of Kinross Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Scotiabank lowered their target price on shares of Kinross Gold from $41.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday. One investment 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 currently has an average rating of “Moderate Buy” and an average price target of $38.10.

Kinross Gold Stock Performance

Kinross Gold stock traded down $3.48 during midday trading on Thursday, hitting $24.14. The stock had a trading volume of 14,259,855 shares, compared to its average volume of 9,410,186. The company has a market capitalization of $28.60 billion, a PE ratio of 9.15, a P/E/G ratio of 0.70 and a beta of 0.84. Kinross Gold has a 52-week low of $22.01 and a 52-week high of $39.11. The firm’s fifty day moving average is $27.63 and its two-hundred day moving average is $28.41. The company has a current ratio of 2.89, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, beating 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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the firm earned $0.44 EPS. The company’s revenue was up 29.5% on a year-over-year basis. On average, research analysts forecast that Kinross Gold will post 2.56 EPS for the current year.

Institutional Investors Weigh In On Kinross Gold

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KGC. Continuum Advisory LLC bought a new position in Kinross Gold in the 2nd quarter worth about $26,000. Ascentis Independent Advisors purchased a new stake in shares of Kinross Gold in the first quarter valued at approximately $29,000. Caitlin John LLC grew 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 worth $32,000 after purchasing an additional 400 shares in the last quarter. Manchester Capital Management LLC purchased a new position in Kinross Gold during the 4th quarter worth $40,000. Finally, Geneos Wealth Management Inc. increased its holdings in Kinross Gold by 80.7% during the 1st 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 during the period. Institutional investors own 63.69% of the company’s stock.

More Kinross Gold News

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.