UBS cuts target for Kinross Gold stock to USD 28.00

Published on 10/20/2026 at 21:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kinross reports October 28, 2026 results. Kinross Gold stock costs EUR 21.12 on October 20, 2026, minus 1.40 percent versus the Xetra close.

Analyst action and results date

UBS lowered its Kinross Gold target to USD 28.00 on October 8, 2026.
Second-quarter 2026 revenue reached USD 2.24 billion, up 29.00 percent year over year.
Kinross Gold stock costs EUR 21.12 at Lang & Schwarz on October 20, 2026 at 9:51 p.m. CEST, minus 1.40 percent versus the Xetra close of October 16, 2026.
Kinross will publish third-quarter 2026 results on October 28, 2026.

KGC, CA4969024047, Illustration mit AI erstellt.

UBS Group lowered its Kinross Gold target from USD 30.00 to USD 28.00 on October 8, 2026, while keeping a Buy rating, according to MarketBeat. Kinross Gold (CA4969024047) was trading at EUR 21.12 at Lang & Schwarz on October 20, 2026 at 9:51 p.m. CEST, minus 1.40 percent versus the Xetra close of October 16, 2026 at EUR 21.42.

Second-quarter earnings set the base

Kinross reported second-quarter 2026 revenue of USD 2.24 billion, up 29.00 percent from the same quarter of 2025. Net income reached USD 844.20 million, up 59.00 percent year over year, while profit margin rose to 38.00 percent from 31.00 percent, according to Simply Wall St. Adjusted earnings per share came in at USD 0.71, while revenue missed the estimate by 2.20 percent.

How did the 38.00 percent margin form?

The margin improvement came with higher revenue and stronger earnings conversion. Kinross also held USD 2.66 billion in cash at June 30, 2026, compared with USD 2.19 billion at March 31, 2026, according to its quarterly financial figures.

Valuation ahead of October 28

The US quote was USD 23.62 on October 20, 2026 at 3:58 p.m. ET, while the 52-week range stood at USD 21.90 to USD 39.11. Kinross had a market capitalization of USD 28.0 billion, a price-to-earnings ratio of 9.05 and volume of 4,013,096 shares at that snapshot.

Kinross will release third-quarter 2026 results after the market close on October 28, 2026, followed by a conference call at 8:00 a.m. EDT on October 29, 2026, according to Kinross Gold. The company identifies NYSE: KGC and TSX: K as its listings.

Target cut meets a scheduled test

The UBS target remains USD 4.38, or 18.54 percent, above the USD 23.62 US quote. The upcoming report therefore offers the next dated test for production, costs and capital returns, while the latest quarter showed revenue growth but also a 2.20 percent revenue estimate miss.

Kinross Gold was trading at EUR 21.12 at Lang & Schwarz on October 20, 2026 at 9:51 p.m. CEST, minus 1.40 percent versus the Xetra close of October 16, 2026 at EUR 21.42. The further course of trading is shown by the continuously updated real-time quote of Kinross Gold stock.