Korea Investment CORP Makes New Investment in Kinross Gold Corporation $KGC

Korea Investment CORP bought a new position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,423,199 shares of the mining company's stock, valued at approximately $33,685,000. Korea Investment CORP owned approximately 0.12% of Kinross Gold at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KGC. Parallel Advisors LLC boosted its holdings in Kinross Gold by 3.2% during the fourth quarter. Parallel Advisors LLC now owns 9,310 shares of the mining company's stock worth $262,000 after purchasing an additional 292 shares during the last quarter. Turning Point Benefit Group Inc. increased its stake in Kinross Gold by 6.6% in the 4th quarter. Turning Point Benefit Group Inc. now owns 6,315 shares of the mining company's stock valued at $178,000 after buying an additional 393 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in Kinross Gold by 2.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 22,569 shares of the mining company's stock valued at $636,000 after buying an additional 473 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lifted its position in shares of Kinross Gold by 0.4% during the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 141,100 shares of the mining company's stock worth $3,329,000 after buying an additional 500 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Kinross Gold by 2.1% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,309 shares of the mining company's stock worth $629,000 after buying an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KGC. Weiss Ratings lowered Kinross Gold from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, July 28th. Freedom Capital upgraded Kinross Gold from a "hold" rating to a "strong-buy" rating in a report on Monday, May 18th. ATB Cormark Capital Markets raised Kinross Gold from a "hold" rating to a "moderate buy" rating in a research report on Friday, July 31st. Scotiabank reduced their price objective on Kinross Gold from $45.00 to $41.00 and set a "sector outperform" rating for the company in a research note on Tuesday, July 14th. Finally, Zacks Research lowered Kinross Gold from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Kinross Gold currently has an average rating of "Moderate Buy" and an average price target of $38.43.

Key Stories 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 Up 4.3%

KGC opened at $32.78 on Friday. The stock 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 company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. Kinross Gold Corporation has a 52 week low of $19.19 and a 52 week high of $39.11. The business's fifty day simple moving average is $25.25 and its 200 day simple moving average is $29.12.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.05. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business posted $0.44 earnings per share. The company's revenue for the quarter was up 29.5% on a year-over-year basis. As a group, research analysts expect that Kinross Gold Corporation will post 2.61 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

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

Kinross Gold 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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