Asset One Wealth Management LLC Takes Position in Kinross Gold Corporation $KGC

Key Points

• Asset One Wealth Management purchased 40,781 Kinross Gold shares worth approximately $965,000, while institutional investors collectively own 63.69% of the company.
• Kinross reported quarterly EPS of $0.71, exceeding expectations of $0.66, as revenue rose 29.5% year over year to $2.22 billion. The company also declared a quarterly dividend of $0.04 per share, yielding 0.5% annually.
• Analyst sentiment remains mixed: the consensus rating is “Moderate Buy” with a $38.43 target price, but Zacks downgraded the stock to “Strong Sell” and lowered several earnings forecasts. Gold prices and production costs remain key drivers of Kinross’s future margins.

Asset One Wealth Management LLC purchased a new position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 40,781 shares of the mining company's stock, valued at approximately $965,000.

A number of other institutional investors and hedge funds have also modified their holdings of KGC. AQR Capital Management LLC increased its position 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 buying an additional 18,287 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Kinross Gold in the 1st quarter worth about $158,000. Sivia Capital Partners LLC purchased a new stake in shares of Kinross Gold in the 2nd quarter worth about $167,000. M&T Bank Corp grew its stake in Kinross Gold by 9.0% in the 2nd quarter. M&T Bank Corp now owns 16,153 shares of the mining company's stock valued at $252,000 after acquiring an additional 1,328 shares during the last quarter. Finally, AXA S.A. acquired a new stake in Kinross Gold in the 2nd quarter valued at about $2,483,000. Institutional investors and hedge funds own 63.69% of the company's stock.

Kinross Gold News Roundup

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

• Positive Sentiment: Gold prices remain a key catalyst for Kinross, because higher bullion prices can improve realized revenue, margins and free cash flow for the gold producer. This keeps KGC in focus as investors assess the outlook for precious-metals prices. What Puts Kinross Gold in Focus as Gold Prices Move?
• Neutral Sentiment: Investors are also monitoring Kinross’s cost outlook. Production costs are especially important if gold prices retreat, as higher costs could compress margins; the latest coverage focuses on this key profitability signal. What Is the Key Cost Signal for Kinross Gold?
• Negative Sentiment: Zacks Research lowered EPS forecasts across multiple periods and maintained a “Strong Sell” rating. Estimates fell for Q3 2026 to $0.57 from $0.76, FY2026 to $2.63 from $2.79, FY2027 to $2.48 from $2.83 and FY2028 to $2.36 from $2.78. Forecasts for several 2027 quarters were also reduced. Although Q4 2026 EPS was raised modestly to $0.64 from $0.62, the broader revisions imply weaker expected earnings growth and may pressure the shares.

Kinross Gold Stock Performance

NYSE:KGC opened at $32.78 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.95. The firm has a market cap of $38.88 billion, a PE ratio of 12.42, a P/E/G ratio of 0.88 and a beta of 0.78. The firm has a 50 day simple moving average of $25.25 and a 200-day simple moving average of $29.10. Kinross Gold Corporation has a 1-year low of $19.19 and a 1-year high of $39.11.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.05. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the business earned $0.44 earnings per share. Kinross Gold's revenue was up 29.5% compared to the same quarter last year. On average, equities analysts expect that Kinross Gold Corporation will post 2.61 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 20th. Kinross Gold's dividend payout ratio is presently 6.06%.

Analysts Set New Price Targets

A number of brokerages have issued reports on KGC. Jefferies Financial Group cut their target price on shares of Kinross Gold from $41.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, July 6th. Wall Street Zen cut shares of Kinross Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings lowered Kinross Gold from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. Royal Bank Of Canada lowered their target price on Kinross Gold from $40.00 to $39.00 and set an "outperform" rating on the stock in a report on Thursday, July 9th. Finally, Zacks Research downgraded Kinross Gold from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.43.

About Kinross Gold

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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