Kinross Gold Maintained at Outperformer at CIBC Following Q3 Results; Price Target Raised to US$37.00

MT Newswires Live

Nov 20

CIBC Capital Markets on Thursday reiterated its outperformer rating on the shares of Kinross Gold (K.TO, KGC) while raising its price target to US$37.00 from US$36.00 following the miner's third-quarter results.

"After market on November 4, KGC reported headline Q3/25 adjusted EPS of $0.44 (CIBCe adjusted diluted $0.43), beating our estimate and the Street at $0.40, driven by higher consolidated gold sales and lower other costs. Attributable FCF of $687M beat our estimate of $501M and the Street at $590M on higher operating income. After updating our model for KGC's strong Q3/25 results, we are increasing our price target to $37.00 from $36.00 and maintaining our Outperformer rating. Our annualized CFPS estimate (valuation rolled forward from Q3/25E-FY26E to Q4/25E-FY26E) increases from $3.53 to $3.79," analyst Anita Soni 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: 36.24, Change: +0.29, Percent Change: +0.81

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Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p><p>Price: 36.24, Change: +0.29, Percent Change: +0.81</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KGC","symbol_name":"金罗斯黄金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2584515867","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584515867","pubTimestamp":1763650152,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Attributable FCF of $687M beat our estimate of $501M and the Street at $590M on higher operating income. After updating our model for KGC's strong Q3/25 results, we are increasing our price target to $37.00 from $36.00 and maintaining our Outperformer rating. Our annualized CFPS estimate (valuation rolled forward from Q3/25E-FY26E to Q4/25E-FY26E) increases from $3.53 to $3.79,\" analyst Anita Soni 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: 36.24, Change: +0.29, Percent Change: +0.81","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}