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Canada Pension Plan Investment Board Grows Stock Position in Kinross Gold Corporation $KGC

Written by MarketBeat
Updated September 3, 2025
Kinross Gold logo with Basic Materials background

Key Points

  • The Canada Pension Plan Investment Board increased its stake in Kinross Gold Corporation by 55.8% during the first quarter, holding approximately $80.48 million in shares by acquiring an additional 2,288,753 shares.
  • Kinross Gold's latest earnings report showed a strong performance, with a reported $0.44 earnings per share and revenue of $1.75 billion, exceeding analyst expectations.
  • The company has announced a quarterly dividend of $0.03 to be paid on September 4th, reflecting a 0.6% dividend yield and a payout ratio of 9.68%.
  • MarketBeat previews the top five stocks to own by October 1st.

Canada Pension Plan Investment Board boosted its position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 55.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,387,031 shares of the mining company's stock after acquiring an additional 2,288,753 shares during the period. Canada Pension Plan Investment Board owned 0.52% of Kinross Gold worth $80,481,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in Kinross Gold by 8.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 237,612 shares of the mining company's stock valued at $2,204,000 after purchasing an additional 18,135 shares during the last quarter. Sprott Inc. grew its holdings in Kinross Gold by 1.7% in the 1st quarter. Sprott Inc. now owns 2,932,567 shares of the mining company's stock worth $36,976,000 after acquiring an additional 48,905 shares during the last quarter. State of Wyoming grew its holdings in Kinross Gold by 56.5% in the 4th quarter. State of Wyoming now owns 120,777 shares of the mining company's stock worth $1,120,000 after acquiring an additional 43,595 shares during the last quarter. Artemis Investment Management LLP grew its holdings in Kinross Gold by 365.8% in the 1st quarter. Artemis Investment Management LLP now owns 6,876,921 shares of the mining company's stock worth $86,718,000 after acquiring an additional 5,400,447 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in Kinross Gold by 264.7% during the 1st quarter. Bessemer Group Inc. now owns 155,422 shares of the mining company's stock valued at $1,960,000 after purchasing an additional 112,800 shares during the period. 63.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KGC shares. CIBC boosted their price objective on shares of Kinross Gold from $21.00 to $22.00 and gave the company an "outperformer" rating in a research report on Friday, August 1st. UBS Group started coverage on shares of Kinross Gold in a research report on Monday, August 4th. They set a "buy" rating and a $20.00 price objective on the stock. Jefferies Financial Group raised shares of Kinross Gold from a "hold" rating to a "buy" rating and boosted their price objective for the company from $14.00 to $18.00 in a research report on Thursday, June 26th. National Bankshares reissued an "outperform" rating on shares of Kinross Gold in a research report on Tuesday, June 24th. Finally, Canaccord Genuity Group boosted their price objective on shares of Kinross Gold from $28.00 to $29.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.07.

Check Out Our Latest Stock Analysis on Kinross Gold

Kinross Gold Stock Up 1.8%

Kinross Gold stock traded up $0.38 during mid-day trading on Wednesday, reaching $21.84. The stock had a trading volume of 18,494,026 shares, compared to its average volume of 20,652,299. The company has a market capitalization of $26.54 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.69 and a beta of 0.61. The company has a 50-day moving average price of $17.33 and a two-hundred day moving average price of $14.82. Kinross Gold Corporation has a one year low of $8.31 and a one year high of $21.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.84 and a quick ratio of 1.45.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday, July 30th. The mining company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.11. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.52 billion. Kinross Gold had a net margin of 25.18% and a return on equity of 20.04%. Kinross Gold's revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. On average, analysts expect that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. Kinross Gold's dividend payout ratio is presently 9.68%.

Kinross Gold Company Profile

(Free Report)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.

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Institutional Ownership by Quarter for Kinross Gold (NYSE:KGC)

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