Winmill & CO. Inc. Invests $1.62 Million in Kinross Gold Corporation $KGC

Key Points

• Winmill & CO. purchased 68,500 Kinross Gold shares in the second quarter, valued at approximately $1.62 million. Institutional investors collectively own 63.69% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $38.43, despite several recent target-price reductions.
• Kinross beat quarterly earnings expectations with EPS of $0.71 versus $0.66 projected, while revenue rose 29.5% year over year. The company also declared a quarterly dividend of $0.04, representing a 0.5% yield.

Winmill & CO. Inc. purchased a new position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 68,500 shares of the mining company's stock, valued at approximately $1,618,000.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KGC. UBS Group dropped their price objective on Kinross Gold from $38.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Scotiabank lowered their price objective on 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. Weiss Ratings lowered Kinross Gold from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 28th. ATB Cormark Capital Markets raised Kinross Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reduced their target price on Kinross Gold from $40.00 to $39.00 and set an "outperform" rating for the company in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.43.

Kinross Gold Stock Performance

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 company has a debt-to-equity ratio of 0.08, a quick ratio of 1.95 and a current ratio of 2.89. The stock has a market cap of $38.88 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 0.88 and a beta of 0.78. The firm's fifty day moving average price is $25.25 and its 200-day moving average price is $29.10.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its earnings results 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 for 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 firm's revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, August 20th. Kinross Gold's dividend payout ratio is presently 6.06%.

Kinross Gold News Roundup

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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