Despite high gold prices, Kinross shares fell 11.6% on Sept. 24 after cutting its 2026 and 2027 output forecasts by about 8%. Harsh weather and processing problems at Chile’s La Coipa, plus slower mining at Nevada’s Round Mountain, disrupted output and raised costs per ounce.
Shares were about 38% below their high and near the 52-week low. TD and BMO lowered their price targets; Kinross raised its shareholder payout when it reported the forecast cut. Insider Monkey said its data showed 39 hedge funds held KGC in Q2 2026, down from 42 in Q1. The article said all analysts covering the stock rated it Buy, with an average target 32% above the then-current price.
The article presents opposing views: bulls see the mine problems as potentially fixable with time and investment, while bears cite execution concerns and the possibility that gold has peaked. It notes the metal rose nearly 300% over three years and says miners could be hit hardest if gold prices fall.
