Triasima Portfolio Management inc. Decreases Position in Kinross Gold Corporation $KGC

Key Points

• Triasima Portfolio Management trimmed its stake in Kinross by 5% to 774,257 shares (worth ~$21.8M), leaving KGC as its 4th-largest holding and representing 3.3% of Triasima’s portfolio.
• Strong Q1 results and shareholder returns: Kinross reported record Q1 free cash flow of US$837.5M, ~US$843M net income and an EPS beat, while returning roughly US$350M YTD (including US$250.1M in buybacks) and declaring a US$0.04 quarterly dividend (yield ~0.5%).
• Analyst and institutional view: The stock has a consensus "Moderate Buy" rating with a $38.81 consensus price target (Scotiabank raised its target to $45), and institutional investors own about 63.7% of the company.

Triasima Portfolio Management inc. decreased its position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 774,257 shares of the mining company's stock after selling 40,704 shares during the period. Kinross Gold accounts for 3.3% of Triasima Portfolio Management inc.'s portfolio, making the stock its 4th largest position. Triasima Portfolio Management inc. owned 0.06% of Kinross Gold worth $21,837,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in KGC. Van ECK Associates Corp boosted its holdings in Kinross Gold by 7.8% in the third quarter. Van ECK Associates Corp now owns 107,960,623 shares of the mining company's stock valued at $2,682,791,000 after acquiring an additional 7,825,336 shares during the last quarter. Man Group plc boosted its holdings in Kinross Gold by 47.8% in the second quarter. Man Group plc now owns 16,739,969 shares of the mining company's stock valued at $261,646,000 after acquiring an additional 5,411,491 shares during the last quarter. Bank of America Corp DE boosted its holdings in Kinross Gold by 81.2% in the second quarter. Bank of America Corp DE now owns 8,073,665 shares of the mining company's stock valued at $126,191,000 after acquiring an additional 3,617,320 shares during the last quarter. Quadrature Capital Ltd bought a new position in Kinross Gold in the third quarter valued at about $80,299,000. Finally, AustralianSuper Pty Ltd boosted its holdings in Kinross Gold by 50.6% in the third quarter. AustralianSuper Pty Ltd now owns 9,197,872 shares of the mining company's stock valued at $228,227,000 after acquiring an additional 3,089,959 shares during the last quarter. Institutional investors own 63.69% of the company's stock.

Kinross Gold News Roundup

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

Analysts Set New Price Targets

KGC has been the topic of several recent research reports. Scotiabank raised their price target on Kinross Gold from $32.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, January 26th. Zacks Research cut Kinross Gold from a "strong-buy" rating to a "hold" rating in a report on Friday, January 23rd. ATB Cormark Capital Markets upgraded Kinross Gold from a "hold" rating to a "moderate buy" rating in a report on Friday. Wall Street Zen cut Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 25th. Finally, TD Securities decreased their price target on Kinross Gold from $43.00 to $42.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.81.

Kinross Gold Trading Up 0.0%

NYSE:KGC opened at $29.55 on Monday. Kinross Gold Corporation has a 1-year low of $13.28 and a 1-year high of $39.11. The business's 50-day moving average price is $32.10 and its two-hundred day moving average price is $30.12. The company has a current ratio of 2.84, a quick ratio of 1.83 and a debt-to-equity ratio of 0.08. The firm 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 (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.03. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The company's revenue for the quarter was up 60.8% compared to the same quarter last year. On average, equities analysts expect that Kinross Gold Corporation will post 2.78 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, June 4th. Shareholders of record on Thursday, May 21st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, May 21st. Kinross Gold's dividend payout ratio is 6.78%.

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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