Kinross Gold Corp. stock rises Friday, outperforms market

Bank of America analysts favor copper and uranium producers due to supply constraints and demand growth, while higher US interest rates may pressure gold. They downgraded Kinross Gold and Alamos Gold, raised Freeport-McMoRan's price target to $87, and maintained a 'Buy' rating on Cameco with a $133 target. Copper price forecasts were increased, with 2026 average seen at $13,278 a ton and 2027 at $15,250.

UBS maintained a 'Buy' rating for Kinross Gold (KGC) but lowered its price target to $28.00 from $30.00. KGC is currently 12.7% overvalued with a GF Value of $20.59, though it has a strong GF Score of 94/100. The company has a market cap of $27.52 billion and operates gold mines in the Americas and West Africa.

Kinross Gold (KGC) fell 11.6% to $24.42 on September 24, 2026, despite high gold prices, due to reduced production forecasts for 2026 and 2027. Issues at La Coipa and Round Mountain mines led to lower output and higher costs. Analysts at TD and BMO lowered targets, but all still rate it a Buy with an average target 32% above current price.

Kinross Gold (KGC) stock fell 12.7% after updating its 2026 guidance, reducing gold-equivalent ounces production to 1.85M from 2M due to weather and lower mining rates. It also raised cost estimates to $1,850-$1,900 per ounce, up from $1,730.

Kinross Gold (TSX:K) shares dropped 13% after cutting 2026-2027 production forecasts due to issues at La Coipa and Round Mountain. Jefferies lowered its price target to $35 but kept a Buy rating, noting deferred ounces and strong performance at Paracatu and Tasiast. Costs rose to $1,420-$1,460 per ounce for sales and $1,850-$1,900 for sustaining costs. Jefferies cited metallurgical and operational challenges at the mines.

Kinross Gold (KGC) shares fell 12.53% after cutting 2026-2027 production guidance by 8% and raising all-in sustaining costs to $1,850-$1,900/oz. Scotiabank reduced its price target to $39. Management increased shareholder returns to 50% of free cash flow. Challenges at La Coipa and Round Mountain sites drove revisions.