KINGSGATE CONSOLIDATED LIMITED (KCN)
Share Price Analysis and Chart

04/11/2026

1

Buy

$7.90

87.20%

Ord Minnett lowers its target for Kingsgate Consolidated to $7.90 from $8.00 and retains a Buy rating, following September quarter production results.

The analyst raises its FY27 earnings forecasts by 29.4% on higher production and lower costs, but cuts the FY28 estimate by -4.7%.

Gold production at Thailand's Chatree mine fell -27% quarter-on-quarter to 14,802oz following a ball mill failure, although results exceeded the broker's expectations.

Production is expected to recover from January as operational disruptions ease. Ord Minnett sees improved production consistency and higher ore grades as key to narrowing the stock's valuation discount.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of 37.00 cents.
Ord Minnett forecasts a full year FY28 dividend of 0.00 cents and EPS of 60.00 cents.

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19/10/2026

1

Buy

$6.65

57.58%

Moelis maintains its Buy rating for Kingsgate Consolidated with its target price increased to $6.65 from $6.45 following updated commodity price and foreign exchange inputs.

Lower near-term gold prices drive a -11% and -1% reduction in 2027 and 2028 EBITDA, alongside a -13% and -1% reduction in net profit over the same periods, reducing the adjusted cash flow valuation by -2%.

Higher long-term gold prices and an increased enterprise value-to-resource multiple lift the net asset valuation by 8%.

The analyst observes these net asset value gains outweigh the weaker near-term cash flow valuation.

FORECAST
Moelis forecasts a full year FY27 dividend of 20.00 cents and EPS of 97.90 cents.
Moelis forecasts a full year FY28 dividend of 20.00 cents and EPS of 123.40 cents.