Stifel Canada on Thursday maintained its buy rating on the shares of Kinross Gold (K.TO, KGC) and its C$65.00 price target following the miner's fourth-quarter results.
"Kinross reported Q4/25 adjusted EPS of $0.67 vs. our $0.50 (consensus: $0.56) on attributable GEO production of 483.6Koz vs. our 475.9Koz (consensus: 489Koz). Q4/25 cost of sales and AISC were broadly in line vs. expectations. Q4/25 attributable free cash flow of $769Mln was higher vs. our $702Mln, and we estimate Kinross generated free cash flow of $1,598/GEO or +$493/GEO QoQ compared to average gold prices of +$691/oz QoQ. Kinross is targeting 40% of free cash flow return to shareholders through share buybacks and dividends, including an additional 14% increase to the quarterly dividend to $0.04 ($0.16 annualized), we estimate this leaves approx. $1.3Bln for 2026 share buybacks (vs. $0.6Bln in 2025) or 3.4% of shares outstanding (vs. 2.5% in 2025)," analyst Ralph Profiti wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 46.58, Change: -0.78, Percent Change: -1.65
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