Artemis Investment Management LLP Has $160.60 Million Stock Holdings in Kinross Gold Corporation $KGC

Artemis Investment Management LLP lessened its position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,702,990 shares of the mining company's stock after selling 1,818,230 shares during the period. Kinross Gold accounts for about 1.9% of Artemis Investment Management LLP's portfolio, making the stock its 6th biggest holding. Artemis Investment Management LLP owned about 0.48% of Kinross Gold worth $160,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Kinross Gold by 35.1% in the first quarter. AQR Capital Management LLC now owns 70,370 shares of the mining company's stock valued at $887,000 after purchasing an additional 18,287 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Kinross Gold during the first quarter valued at approximately $158,000. Sivia Capital Partners LLC purchased a new stake in shares of Kinross Gold during the second quarter valued at approximately $167,000. M&T Bank Corp raised its stake in shares of Kinross Gold by 9.0% in the second quarter. M&T Bank Corp now owns 16,153 shares of the mining company's stock valued at $252,000 after buying an additional 1,328 shares during the period. Finally, AXA S.A. bought a new stake in shares of Kinross Gold in the second quarter valued at $2,483,000. Institutional investors own 63.69% of the company's stock.

More Kinross Gold News

Here are the key news stories impacting Kinross Gold this week:

• Positive Sentiment: Record Q1 free cash flow (US$837.5M), net income ~US$843M and EPS that beat estimates — these underpin the company’s strong cash generation and justify increased shareholder returns. Kinross Gold TSX: K Is Down 6.3% After Record Q1 Free Cash Flow And Payouts To Shareholders
• Positive Sentiment: Company returned roughly US$350M to shareholders year-to-date (US$250.1M in buybacks this quarter) and declared a US$0.04 quarterly dividend — signals management focus on cash returns and buybacks that reduce share count. Kinross declares quarterly dividend
• Positive Sentiment: Analyst support remains: Stifel Canada maintained a Buy rating and C$65 price target after Q1, keeping institutional conviction intact. Kinross Gold Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Kept atC$65.00
• Positive Sentiment: Goldman Sachs has Kinross among its top gold picks and the Peak Gold JV (Lucky Shot) is showing drilling progress — potential upside from development pipeline execution. Kinross Gold Corporation (KGC) Asserts Status as one of Goldman Sachs top Gold Stock Picks
• Neutral Sentiment: Annual meeting results showed strong shareholder backing for the board — governance continuity, no immediate corporate-control concerns. Kinross announces Annual Shareholder Meeting voting results
• Neutral Sentiment: Q1 results: EPS and margins beat, revenue was up sharply year-over-year but missed consensus by a narrow margin (US$2.37B vs US$2.38B) — overall positive operational trend but a mixed top-line print. Kinross Gold Q1 results and slide deck
• Negative Sentiment: Despite cash generation, the declared dividend yields ~0.5% — modest income appeal versus peers; small revenue miss and recent run-up make the stock vulnerable to profit-taking and rotation. Compared to Estimates, Kinross Gold (KGC) Q1 Earnings: A Look at Key Metrics

Analysts Set New Price Targets

Several research firms have recently commented on KGC. TD Securities decreased their price objective on Kinross Gold from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. Scotiabank upped their price objective on Kinross Gold from $32.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, January 26th. Zacks Research cut shares of Kinross Gold from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce set a $54.00 price target on Kinross Gold in a research note on Wednesday, February 4th. Finally, UBS Group dropped their price target on Kinross Gold from $43.00 to $37.00 and set a "buy" rating on the stock in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.81.

Kinross Gold Price Performance

NYSE KGC opened at $29.55 on Friday. The firm has a market capitalization of $35.29 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.44 and a beta of 0.73. The company has a current ratio of 2.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Kinross Gold Corporation has a 12-month low of $13.28 and a 12-month high of $39.11. The firm's fifty day simple moving average is $32.10 and its two-hundred day simple moving average is $30.06.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The firm's revenue was up 60.8% on a year-over-year basis. Analysts forecast that Kinross Gold Corporation will post 2.77 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a $0.04 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Kinross Gold's dividend payout ratio is presently 6.78%.

Kinross Gold Company Profile

Kinross Gold Corporation NYSE: KGC is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company's activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.

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