Intact Investment Management Inc. Has $8.13 Million Holdings in Kinross Gold Corporation $KGC

Key Points

• Intact Investment Management cut its Kinross stake by 38.9%, now holding 288,460 shares valued at about $8.13 million after selling 183,470 shares in Q4.
• Kinross reported a strong Q1 with a record free cash flow of US$837.5M, net income ~US$843M and EPS of US$0.71 (beat), and has returned roughly US$350M to shareholders YTD including US$250.1M in buybacks while declaring a US$0.04 quarterly dividend (≈0.5% yield).
• The stock carries a consensus rating of "Moderate Buy" with an average price target of $38.81, amid mixed analyst moves and institutional ownership of about 63.7%.

Intact Investment Management Inc. decreased its position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 38.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 288,460 shares of the mining company's stock after selling 183,470 shares during the quarter. Intact Investment Management Inc.'s holdings in Kinross Gold were worth $8,125,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. PKO Investment Management Joint Stock Co lifted its holdings in Kinross Gold by 7.3% during the 4th quarter. PKO Investment Management Joint Stock Co now owns 482,806 shares of the mining company's stock worth $13,624,000 after buying an additional 32,800 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in Kinross Gold by 23.9% during the 4th quarter. Benjamin Edwards Inc. now owns 13,050 shares of the mining company's stock worth $367,000 after buying an additional 2,517 shares in the last quarter. LMG Wealth Partners LLC lifted its holdings in Kinross Gold by 3.9% during the 4th quarter. LMG Wealth Partners LLC now owns 61,846 shares of the mining company's stock worth $1,742,000 after buying an additional 2,347 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Kinross Gold by 48.7% during the 4th quarter. Fifth Third Bancorp now owns 1,879 shares of the mining company's stock worth $53,000 after buying an additional 615 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in Kinross Gold by 53.4% during the 4th quarter. Mutual Advisors LLC now owns 28,433 shares of the mining company's stock worth $801,000 after buying an additional 9,901 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company's stock.

Trending Headlines about Kinross Gold

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

Analyst Ratings Changes

Several research analysts have issued reports on KGC shares. Weiss Ratings downgraded Kinross Gold from a "buy (a+)" rating to a "buy (a-)" rating in a report on Friday. TD Securities reduced 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. ATB Cormark Capital Markets raised Kinross Gold from a "hold" rating to a "moderate buy" rating in a report on Friday. Zacks Research downgraded Kinross Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, January 23rd. Finally, UBS Group reduced their price objective on Kinross Gold from $43.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.81.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $29.55 on Monday. The firm has a fifty day moving average of $32.10 and a two-hundred day moving average of $30.12. The stock has a market capitalization of $35.29 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.11 and a beta of 0.73. Kinross Gold Corporation has a 52 week low of $13.28 and a 52 week high of $39.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 2.84.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its 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. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.38 billion. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The business's revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. As a group, equities research analysts predict that Kinross Gold Corporation will post 2.78 EPS for the current year.

Kinross Gold Dividend Announcement

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

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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