Swiss Life Asset Management Ltd Purchases 79,023 Shares of Kinross Gold Corporation $KGC

Swiss Life Asset Management Ltd lifted its position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 47.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,902 shares of the mining company’s stock after buying an additional 79,023 shares during the period. Swiss Life Asset Management Ltd’s holdings in Kinross Gold were worth $6,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Kinross Gold in the second quarter valued at about $389,025,000. Van ECK Associates Corp grew its stake in shares of Kinross Gold by 7.8% during the 3rd quarter. Van ECK Associates Corp now owns 107,960,623 shares of the mining company’s stock valued at $2,682,791,000 after purchasing an additional 7,825,336 shares during the period. Man Group plc increased its position in shares of Kinross Gold by 47.8% during the 2nd quarter. Man Group plc now owns 16,739,969 shares of the mining company’s stock valued at $261,646,000 after purchasing an additional 5,411,491 shares during the last quarter. Bank of America Corp DE increased its position in shares of Kinross Gold by 81.2% during the 2nd quarter. Bank of America Corp DE now owns 8,073,665 shares of the mining company’s stock valued at $126,191,000 after purchasing an additional 3,617,320 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Kinross Gold in the 3rd quarter worth approximately $80,299,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Trading Down 3.3%

Shares of NYSE:KGC opened at $26.51 on Friday. The stock has a 50 day moving average of $33.70 and a 200 day moving average of $28.50. The company has a market cap of $31.75 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.30 and a beta of 0.73. Kinross Gold Corporation has a 12-month low of $11.12 and a 12-month high of $39.11. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, February 18th. The mining company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Kinross Gold had a net margin of 33.90% and a return on equity of 28.22%. The firm’s revenue was up 42.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 EPS. As a group, equities research analysts expect that Kinross Gold Corporation will post 0.81 EPS for the current year.

Kinross Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, March 11th. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.04. Kinross Gold’s payout ratio is 8.16%.

Analysts Set New Price Targets

KGC has been the topic of a number of research reports. Scotiabank raised their price objective on shares of Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $54.00 price target on shares of Kinross Gold in a research report on Wednesday, February 4th. Desjardins started coverage on shares of Kinross Gold in a research note on Friday, November 28th. They set a “buy” rating on the stock. TD Securities cut their price objective on shares of Kinross Gold from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.56.

Key Headlines Impacting Kinross Gold

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

• Positive Sentiment: Kinross announced a renewal of its NCIB authorizing purchase of up to ~104.24M shares (about 10% of the float). A buyback of this size signals management believes KGC is undervalued, should support EPS and reduce share count over time — a clear shareholder-friendly move. Kinross Gold Unveils New NCIB Program to Buy Back Up to 104.2M Shares
• Positive Sentiment: Bullish analyst/feature pieces argue KGC is cheap on forward earnings, highlights record free cash flow and debt reduction, and points to growth optionality from projects like Great Bear and Lobo-Marte — a constructive long-term narrative for value investors. Kinross Gold: 10x Earnings Is Too Cheap To Ignore
• Neutral Sentiment: Coverage comparing peers (e.g., Agnico Eagle) highlights different balance-sheet and growth profiles; useful context but not an immediate catalyst for KGC unless it influences analyst revisions or investor allocation. Can Agnico Eagle’s Low Debt Profile Drive Stronger Growth Ahead?
• Negative Sentiment: Analysts flag rising operating costs that could squeeze margins in FY26 despite higher realized gold prices and a recent EPS beat; cost pressure is the primary near-term risk to earnings and cash flow forecasts. Will Kinross Gold’s Rising Costs Threaten Margins in FY26?
• Negative Sentiment: Market reaction since the last earnings report has been negative (stock down significantly), driven by concerns around cost outlook and forward guidance despite a quarter that showed higher EPS and strong cash generation — this post-earnings selling pressure is the immediate cause of today’s weaker price action. Why Is Kinross Gold (KGC) Down 18% Since Last Earnings Report?

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.