OMERS ADMINISTRATION Corp Takes Position in Kinross Gold Corporation $KGC

Key Points

• OMERS Administration Corp acquired 555,174 Kinross Gold shares during the second quarter, valued at approximately $13.14 million. Institutional investors and hedge funds now own 63.69% of the company.
• Analysts maintain a generally positive outlook, with Kinross receiving a “Moderate Buy” consensus rating and an average price target of $38.43, despite several recent target-price reductions.
• Kinross reported quarterly EPS of $0.71, beating estimates of $0.66, while revenue rose 29.5% year over year to $2.22 billion. The company also declared a quarterly dividend of $0.04 per share, yielding 0.5% annually.

OMERS ADMINISTRATION Corp acquired a new position in shares of Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 555,174 shares of the mining company's stock, valued at approximately $13,140,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtus Advisers LLC acquired a new stake in shares of Kinross Gold during the 3rd quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new stake in shares of Kinross Gold in the 1st quarter worth approximately $29,000. Harvest Fund Management Co. Ltd increased its stake in Kinross Gold by 85.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company's stock valued at $32,000 after purchasing an additional 589 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Kinross Gold in the 3rd quarter valued at approximately $38,000. Finally, Manchester Capital Management LLC acquired a new position in Kinross Gold during the fourth quarter worth $40,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on KGC shares. Jefferies Financial Group decreased their target price on Kinross Gold from $41.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Wall Street Zen cut Kinross Gold from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. ATB Cormark Capital Markets raised Kinross Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, July 31st. UBS Group decreased their price objective on shares of Kinross Gold from $38.00 to $30.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Finally, Scotiabank decreased their price objective on shares of Kinross Gold from $45.00 to $41.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Kinross Gold has an average rating of "Moderate Buy" and an average target price of $38.43.

Kinross Gold Trading Up 0.1%

Shares of Kinross Gold stock opened at $32.78 on Monday. Kinross Gold Corporation has a fifty-two week low of $19.19 and a fifty-two week high of $39.11. The business's fifty day moving average is $25.25 and its two-hundred day moving average is $29.10. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The firm 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.

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

Kinross Gold Announces Dividend

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

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 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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