Kinross Gold Corporation $KGC Shares Newly Purchased by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments newly acquired 2.49 million Kinross Gold shares, worth about $60.1 million and representing roughly 0.21% of the company.
• Kinross reported quarterly EPS of $0.50, above analysts’ $0.46 estimate, but revenue of $1.75 billion fell short of the $1.94 billion consensus. It also declared a quarterly dividend of $0.04 per share.
• The stock was reported down 5.9%, while analysts’ consensus remained “Moderate Buy” with a $37.98 target price. The article also cites a securities class action alleging production-risk disclosures were inadequate; these are allegations, not established findings.

Allspring Global Investments Holdings LLC acquired a new stake in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,494,641 shares of the mining company's stock, valued at approximately $60,128,000. Allspring Global Investments Holdings LLC owned about 0.21% of Kinross Gold at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Kinross Gold by 2.3% during the 1st quarter. Renaissance Technologies LLC now owns 25,546,413 shares of the mining company's stock valued at $779,677,000 after purchasing an additional 571,100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Kinross Gold by 9.3% in the first quarter. The Manufacturers Life Insurance Company now owns 10,014,321 shares of the mining company's stock worth $305,888,000 after acquiring an additional 854,802 shares during the period. Man Group plc bought a new stake in Kinross Gold in the second quarter valued at $298,152,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Kinross Gold in the second quarter valued at $264,652,000. Finally, Bank of America Corp DE boosted its holdings in Kinross Gold by 11.4% in the second quarter. Bank of America Corp DE now owns 10,822,887 shares of the mining company's stock valued at $255,637,000 after acquiring an additional 1,106,837 shares in the last quarter. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Kinross Gold

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

• Neutral Sentiment: A valuation article argues Kinross may be below fair value, while noting that recent operating and legal concerns complicate the outlook. Kinross Gold Stock Looks Below Fair Value Despite Recent Caution
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who acquired Kinross shares from February 18 through September 23, 2026. The complaint alleges the company overstated its ability to deliver a stable, multiyear production profile and understated operational risks, including sequential production declines at Round Mountain Phase S. The lead-plaintiff deadline is January 5, 2027. These allegations and the resulting legal overhang may weigh on sentiment. Class action notice concerning alleged production misstatements

Analyst Upgrades and Downgrades

KGC has been the subject of several research reports. TD Securities decreased their price objective on shares of Kinross Gold from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, September 24th. Canaccord Genuity Group cut their target price on shares of Kinross Gold from $52.00 to $47.00 and set a "buy" rating on the stock in a research note on Thursday, September 24th. Canadian Imperial Bank of Commerce reduced their price target on shares of Kinross Gold from $34.00 to $33.00 and set an "outperformer" rating on the stock in a research report on Tuesday, November 3rd. Scotiabank decreased their price target on shares of Kinross Gold from $41.00 to $39.00 and set an "outperform" rating for the company in a research note on Thursday, September 24th. Finally, Wall Street Zen lowered shares of Kinross Gold from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.98.

Kinross Gold Trading Down 5.9%

NYSE:KGC opened at $21.51 on Wednesday. Kinross Gold Corporation has a one year low of $19.70 and a one year high of $39.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.87 and a quick ratio of 1.89. The company's 50-day simple moving average is $24.92 and its 200 day simple moving average is $28.38. The firm has a market capitalization of $25.24 billion, a P/E ratio of 8.82, a PEG ratio of 0.75 and a beta of 0.83.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Wednesday, October 28th. The mining company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.04. Kinross Gold had a net margin of 37.62% and a return on equity of 32.84%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.94 billion. As a group, analysts forecast that Kinross Gold Corporation will post 2.39 EPS for the current fiscal year.

Kinross Gold Announces Dividend

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

Kinross Gold Company Profile

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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