StocksMediumUpdated×2•Originally published 24 September 2026•Updated 24 September 2026•
1 min read
Kinross Gold Shares Fall as Scotiabank Cuts Price Target Following Production Downgrade
Key Facts
1Kinross Gold reduced its 2026-2027 production outlook following setbacks at its La Coipa and Round Mountain sites.
2The company raised its 2026 capital return target to 50% of its free cash flow.
Kinross Gold shares declined in today's trading after Scotiabank lowered its price target for the stock. This downward revision follows the company's announcement that it has reduced its gold production guidance for 2026 and 2027, citing operational setbacks at the La Coipa and Round Mountain mines.
KGC closed at $27.62 on September 23, 2026, with a daily range between $27.29 and $27.95 prior to the recent selling pressure. To mitigate the impact of lower production, the company increased its 2026 shareholder return target to 50% of free cash flow in an effort to maintain investor interest.