Stock Traders Buy Large Volume of Call Options on Kinross Gold (NYSE:KGC)

Key Points

• Unusual options activity: Traders bought 17,609 Kinross Gold call options, about 183% above the average volume of 6,225 contracts.
• Shares fell 12.6% to $24.15 amid reduced 2026–2027 production expectations and higher projected 2026 all-in sustaining costs of approximately $1,850–$1,900 per ounce.
• Despite lowered price targets, analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average target price of $38.10; the company also reported quarterly EPS above estimates and pays a $0.16 annualized dividend.

Kinross Gold Corporation (NYSE:KGC - Get Free Report) TSE: K was the target of some unusual options trading on Thursday. Stock traders acquired 17,609 call options on the company. This represents an increase of approximately 183% compared to the average volume of 6,225 call options.

Analysts Set New Price Targets

KGC has been the subject of a number of research reports. Scotiabank cut their price objective on Kinross Gold from $41.00 to $39.00 and set an "outperform" rating for the company in a report on Thursday. Royal Bank Of Canada dropped 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. ATB Cormark Capital Markets raised Kinross Gold from a "hold" rating to a "moderate buy" rating in a research note on Friday, July 31st. Jefferies Financial Group decreased their price target on shares of Kinross Gold from $41.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. Finally, UBS Group lowered their price objective on shares of Kinross Gold from $38.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Kinross Gold presently has a consensus rating of "Moderate Buy" and an average target price of $38.10.

Kinross Gold Trading Down 12.6%

Shares of KGC traded down $3.47 during trading hours on Thursday, hitting $24.15. The company had a trading volume of 14,772,767 shares, compared to its average volume of 9,412,179. Kinross Gold has a 52-week low of $22.01 and a 52-week high of $39.11. 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 stock's 50 day moving average price is $27.63 and its 200 day moving average price is $28.41. The firm has a market cap of $28.61 billion, a P/E ratio of 9.15, a P/E/G ratio of 0.70 and a beta of 0.84.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last posted 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 business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.Kinross Gold's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. On average, research analysts predict that Kinross Gold will post 2.56 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a $0.04 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. Kinross Gold's dividend payout ratio (DPR) is currently 6.06%.

Key Kinross Gold News

Here are the key news stories impacting Kinross Gold this week:

• Positive Sentiment: Kinross raised its 2026 return-of-capital target to 50% of free cash flow, signaling that shareholders may receive more cash through dividends and buybacks. Kinross Gold lifts return of capital target
• Positive Sentiment: TD Securities lowered its price target from $40 to $35 but maintained a Buy rating. Scotiabank also reduced its target, from $41 to $39, while retaining a Sector Outperform rating. These targets remain well above the recent trading level. TD Securities price target update
• Neutral Sentiment: The production revision followed operational challenges at La Coipa in Chile and Round Mountain in Nevada, including weather disruptions, lower mining rates, weaker grades, throughput and recoveries. Management expects 2026 and 2027 attributable production of approximately 1.84 million to 1.86 million gold-equivalent ounces annually. Kinross operational update
• Negative Sentiment: Kinross cut its 2026 and 2027 production outlook by roughly 2% to 3% below the low end of prior guidance and increased 2026 cost expectations to approximately $1,850-$1,900 per ounce for all-in sustaining costs. Lower output and higher costs imply weaker operating leverage and cash-flow expectations, driving the selling pressure. Kinross cuts production estimates

Institutional Investors Weigh In On Kinross Gold

Several institutional investors have recently added to or reduced their stakes in KGC. Ascentis Independent Advisors bought a new position in shares of Kinross Gold during the first quarter valued at about $29,000. Continuum Advisory LLC purchased a new position in Kinross Gold during the 2nd quarter valued at about $26,000. Caitlin John LLC raised its position in Kinross Gold by 42.1% during the 2nd quarter. Caitlin John LLC now owns 1,350 shares of the mining company's stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Kinross Gold by 80.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,355 shares of the mining company's stock valued at $41,000 after purchasing an additional 605 shares during the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in Kinross Gold in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Kinross Gold Company Profile

Kinross Gold Corporation is a Canadian gold mining company engaged in the acquisition, exploration, development and operation of gold properties. Its primary product is gold, which it produces through a portfolio of open-pit and underground mining operations, supported by processing facilities and related infrastructure.

The company's operating portfolio spans the Americas and West Africa. Its assets include the Tasiast mine in Mauritania; the Paracatu mine in Brazil; the La Coipa mine in Chile; and the Fort Knox and Round Mountain mines in the United States.

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