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

27 Sep 2026, 02:32 by Amy Steele · The Cerbat Gem

Kinross Gold (NYSE:KGC – Free Report) (TSE:K) had its price target trimmed by Canaccord Genuity Group from $52.00 to $47.00 in a research note published on Thursday,BayStreet reports. The brokerage currently has a buy rating on the mining company’s stock.

Several other research analysts also recently weighed in on the stock. UBS Group decreased their price target on shares of Kinross Gold from $38.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. ATB Cormark Capital Markets upgraded 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 target price on Kinross Gold from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Scotiabank decreased their price target on shares of Kinross Gold from $41.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Weiss Ratings lowered Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.70.

Get Our Latest Stock Report on KGC

Kinross Gold Stock Up 2.7%

NYSE KGC opened at $25.07 on Thursday. The business’s 50-day moving average is $27.71 and its 200 day moving average is $28.33. The stock has a market capitalization of $29.70 billion, a PE ratio of 9.50, a PEG ratio of 0.61 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 1 year low of $22.01 and a 1 year high of $39.11.

Kinross Gold (NYSE:KGC – Get Free Report) (TSE:K) last announced its earnings results 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 return on equity of 34.00% and a net margin of 37.52%.The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The business’s revenue was up 29.5% compared to the same quarter last year. Sell-side analysts forecast that Kinross Gold will post 2.47 earnings per share for the current year.

Kinross Gold Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KGC. Renaissance Technologies LLC raised its position in shares of Kinross Gold by 2.3% during the 1st 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 during the last quarter. Norges Bank purchased a new stake in Kinross Gold in the 4th quarter valued at $518,656,000. Geode Capital Management LLC grew its holdings in shares of Kinross Gold by 5.7% in 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 during the period. Man Group plc grew its stake in shares of Kinross Gold by 7.6% in the 4th quarter. Man Group plc now owns 12,526,669 shares of the mining company’s stock valued at $352,751,000 after buying an additional 882,373 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Kinross Gold by 9.3% during the first quarter. The Manufacturers Life Insurance Company now owns 10,014,321 shares of the mining company’s stock worth $305,888,000 after acquiring an additional 854,802 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

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 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

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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.