Te Ahumairangi Investment Management Ltd Takes $3.34 Million Position in Kinross Gold Corporation $KGC

Te Ahumairangi Investment Management Ltd 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 filing with the Securities & Exchange Commission. The firm acquired 141,300 shares of the mining company's stock, valued at approximately $3,344,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Kinross Gold by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 50,887,386 shares of the mining company's stock worth $1,433,345,000 after acquiring an additional 148,845 shares during the period. Boston Partners lifted its stake in Kinross Gold by 1.6% during the third quarter. Boston Partners now owns 45,120,345 shares of the mining company's stock worth $1,133,463,000 after purchasing an additional 707,498 shares in the last quarter. FIL Ltd lifted its stake in Kinross Gold by 4.8% during the 4th quarter. FIL Ltd now owns 29,146,959 shares of the mining company's stock worth $820,969,000 after acquiring an additional 1,326,833 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Kinross Gold by 2.3% during the first quarter. Renaissance Technologies LLC now owns 25,546,413 shares of the mining company's stock worth $779,677,000 after purchasing an additional 571,100 shares in the last quarter. Finally, Norges Bank acquired a new stake in Kinross Gold during the 4th quarter worth approximately $518,656,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Trading Up 0.1%

NYSE:KGC opened at $32.78 on Monday. The business's 50-day moving average is $25.25 and its two-hundred day moving average is $29.10. The firm has a market capitalization of $38.88 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.88 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.95. Kinross Gold Corporation has a 12 month low of $19.19 and a 12 month high of $39.11.

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 (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. The company had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.24 billion. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The company's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Research analysts predict that Kinross Gold Corporation will post 2.61 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.04 per share. 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 dividend payout ratio (DPR) is currently 6.06%.

Analyst Upgrades and Downgrades

Several research analysts have commented on KGC shares. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a "hold" rating to a "moderate buy" rating in a report on Friday, July 31st. Scotiabank decreased their price objective on shares of 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. Zacks Research cut shares of Kinross Gold from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Jefferies Financial Group lowered their price target on Kinross Gold from $41.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, July 6th. Finally, Royal Bank Of Canada reduced their target price on Kinross Gold from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.43.

Trending Headlines about 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 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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