Connor Clark & Lunn Investment Management Ltd. Invests $264.65 Million in Kinross Gold Corporation $KGC

Key Points

• Connor Clark & Lunn Investment Management acquired 11.19 million Kinross Gold shares worth approximately $264.65 million, giving it a 0.94% stake. Institutional investors collectively own 63.69% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $38.43, despite some target reductions and a few downgrades.
• Kinross reported quarterly EPS of $0.71, beating estimates, while revenue rose 29.5% year over year to $2.22 billion. The company also declared a quarterly dividend of $0.04 per share, equivalent to a 0.5% annual yield.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,188,912 shares of the mining company's stock, valued at approximately $264,652,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.94% of Kinross Gold as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KGC. Virtus Advisers LLC acquired a new position in shares of Kinross Gold in the 3rd quarter valued at approximately $28,000. Ascentis Independent Advisors purchased a new position in shares of Kinross Gold during the 1st quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd grew its position in shares of Kinross Gold by 85.2% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company's stock worth $32,000 after buying an additional 589 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Kinross Gold during the third quarter worth approximately $38,000. Finally, Manchester Capital Management LLC bought a new stake in shares of Kinross Gold in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KGC shares. UBS Group cut their price target on shares of Kinross Gold from $38.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Royal Bank Of Canada dropped their target price on shares of Kinross Gold from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Kinross Gold from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. ATB Cormark Capital Markets raised shares of Kinross Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, July 31st. Finally, Wall Street Zen downgraded Kinross Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.43.

Key Headlines Impacting Kinross Gold

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

KGC stock opened at $32.78 on Monday. The stock's 50 day simple moving average is $25.25 and its 200 day simple moving average is $29.10. Kinross Gold Corporation has a 12-month low of $19.19 and a 12-month high of $39.11. The firm has a market cap of $38.88 billion, a P/E ratio of 12.42, a P/E/G ratio of 0.88 and a beta of 0.78. The company has a current ratio of 2.89, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.71 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 during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The firm's revenue was up 29.5% on a year-over-year basis. As a group, equities research analysts predict that Kinross Gold Corporation will post 2.61 EPS for the current year.

Kinross Gold Dividend Announcement

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

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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