Ashton Thomas Private Wealth LLC Acquires New Position in Kinross Gold Corporation $KGC

Key Points

• Ashton Thomas Private Wealth opened a position in Kinross Gold, buying 74,919 shares valued at approximately $1.8 million; institutional investors own about 63.7% of the company.
• Kinross reported quarterly earnings of $0.50 per share, beating analyst expectations of $0.46, while revenue of $1.75 billion fell short of estimates. Analysts’ average rating is “Moderate Buy,” with an average price target of $37.98.
• A securities class-action lawsuit alleges the company misled investors about its production outlook; these are allegations, not a finding of wrongdoing. Investors have until January 5, 2027, to seek lead-plaintiff status.

Ashton Thomas Private Wealth LLC acquired a new position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 74,919 shares of the mining company's stock, valued at approximately $1,804,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CenterBook Partners LP bought a new stake in Kinross Gold in the third quarter valued at about $557,000. Kestra Advisory Services LLC lifted its stake in Kinross Gold by 5.6% during the third quarter. Kestra Advisory Services LLC now owns 226,358 shares of the mining company's stock worth $5,451,000 after purchasing an additional 12,060 shares during the period. Kestra Private Wealth Services LLC bought a new position in Kinross Gold during the third quarter worth about $478,000. Provenance Wealth Advisors LLC bought a new position in Kinross Gold during the third quarter worth about $1,421,000. Finally, Associated Banc Corp acquired a new stake in Kinross Gold during the third quarter valued at approximately $267,000. 63.69% of the stock is currently owned by institutional investors.

Kinross Gold Trading Up 2.7%

KGC stock opened at $22.84 on Tuesday. The business has a fifty day moving average price of $25.10 and a 200 day moving average price of $28.46. Kinross Gold Corporation has a fifty-two week low of $19.70 and a fifty-two week high of $39.11. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 0.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.87 and a quick ratio of 1.89.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted its quarterly earnings data on Wednesday, October 28th. The mining company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.04. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.94 billion. Kinross Gold had a return on equity of 32.84% and a net margin of 37.62%. Analysts expect that Kinross Gold Corporation will post 2.39 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 19th. Kinross Gold's dividend payout ratio is 6.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KGC shares. ATB Cormark Capital Markets raised Kinross Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, July 31st. Weiss Ratings lowered Kinross Gold from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, October 23rd. Wall Street Zen cut Kinross Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Scotia lowered their price target on Kinross Gold from $41.00 to $39.00 and set a "sector outperform" rating on the stock in a research report on Thursday, September 24th. Finally, Canaccord Genuity Group dropped their price objective on Kinross Gold from $52.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $37.98.

Key Stories Impacting Kinross Gold

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

• Negative Sentiment: The lawsuit alleges Kinross and certain executives made misleading statements about the company’s production outlook and expected growth, while understating the risk of sequential production declines at Round Mountain Phase S. The claims concern investors who bought shares from February 18 through September 23, 2026. Holzer & Holzer lawsuit notice
• Neutral Sentiment: Investors have until January 5, 2027, to seek appointment as lead plaintiff. This is a procedural deadline, not a finding that Kinross committed wrongdoing. Kirby McInerney lawsuit notice

About Kinross Gold

Kinross Gold Corporation is a Toronto-based gold mining company engaged in the exploration, development and operation of gold mines. Its principal product is gold, with silver also produced at some operations.

The company operates mines in the United States, Brazil, Chile and Mauritania. Its activities span the mining process, from identifying and developing mineral deposits to extracting and processing ore.

Founded in 1993, Kinross has grown through acquisitions and the development of mining projects across the Americas and West Africa.

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