Korea Investment CORP Buys New Holdings in Kinross Gold Corporation $KGC

Korea Investment CORP purchased a new position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,423,199 shares of the mining company’s stock, valued at approximately $33,685,000.

A number of other large investors have also bought and sold shares of the stock. Parallel Advisors LLC lifted its position in Kinross Gold by 3.2% in the fourth quarter. Parallel Advisors LLC now owns 9,310 shares of the mining company’s stock valued at $262,000 after purchasing an additional 292 shares during the last quarter. Turning Point Benefit Group Inc. grew its holdings in shares of Kinross Gold by 6.6% in the fourth quarter. Turning Point Benefit Group Inc. now owns 6,315 shares of the mining company’s stock worth $178,000 after purchasing an additional 393 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Kinross Gold by 2.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 22,569 shares of the mining company’s stock worth $636,000 after purchasing an additional 473 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its holdings in shares of Kinross Gold by 0.4% in the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 141,100 shares of the mining company’s stock worth $3,329,000 after purchasing an additional 500 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Kinross Gold by 2.1% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 25,309 shares of the mining company’s stock worth $629,000 after buying an additional 521 shares during the period. 63.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KGC. UBS Group dropped their price target on shares of Kinross Gold from $38.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Jefferies Financial Group decreased their price objective on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Zacks Research downgraded shares of Kinross Gold from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Weiss Ratings lowered shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, Scotiabank cut their target price on Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. One investment 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. According to data from MarketBeat, Kinross Gold has a consensus rating of “Moderate Buy” and a consensus price target of $38.43.

Kinross Gold Stock Up 4.3%

Shares of NYSE:KGC opened at $32.78 on Friday. Kinross Gold Corporation has a 52-week low of $19.19 and a 52-week high of $39.11. The firm has a market capitalization of $38.88 billion, a P/E ratio of 12.42, a P/E/G ratio of 0.88 and a beta of 0.78. The stock has a 50 day moving average price of $25.25 and a 200-day moving average price of $29.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.95 and a current ratio of 2.89.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The firm’s revenue was up 29.5% on a year-over-year basis. As a group, equities research analysts anticipate that Kinross Gold Corporation will post 2.61 EPS 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. Shareholders of record on Thursday, August 20th will be given 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 yield of 0.5%. Kinross Gold’s dividend payout ratio (DPR) is currently 6.06%.

Kinross Gold News Summary

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.