40,398 Shares of Kinross Gold Corporation $KGC Bought by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,398 shares of the mining company’s stock, valued at approximately $973,000.

Several other hedge funds also recently made changes to their positions in KGC. Renaissance Technologies LLC boosted its holdings in Kinross Gold by 2.3% during the first quarter. Renaissance Technologies LLC now owns 25,546,413 shares of the mining company’s stock worth $779,677,000 after purchasing an additional 571,100 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Kinross Gold by 9.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 10,014,321 shares of the mining company’s stock valued at $305,888,000 after buying an additional 854,802 shares during the last quarter. Man Group plc acquired a new stake in Kinross Gold in the 2nd quarter valued at $298,152,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Kinross Gold in the 2nd quarter valued at $264,652,000. Finally, Bank of America Corp DE lifted its position in Kinross Gold by 11.4% during the 2nd quarter. Bank of America Corp DE now owns 10,822,887 shares of the mining company’s stock worth $255,637,000 after buying an additional 1,106,837 shares in the last quarter. 63.69% of the stock is owned by institutional investors.

Key Kinross Gold News

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

• Positive Sentiment: Adjusted earnings exceeded expectations. Kinross reported third-quarter EPS of $0.50, above the $0.46 consensus and up from $0.44 a year earlier. Gold prices rose 23% year over year, supporting profitability. Kinross Gold Beats Q3 Earnings Estimates
• Positive Sentiment: Management highlighted progress on growth initiatives. Kinross said it remains on track with updated guidance, advanced grade-enhancement projects and poured first gold at its Redbird project. The company also raised its return-of-capital target to 50% and has repurchased about 5% of its shares since April 2025. Kinross Reports 2026 Third-Quarter Results
• Positive Sentiment: The quarterly dividend was maintained. Kinross declared a $0.04-per-share dividend, payable December 3 to shareholders of record November 19, providing continued shareholder returns. Kinross Declares Quarterly Dividend
• Neutral Sentiment: Options-market volatility has increased. The rise in implied volatility signals greater near-term uncertainty around KGC, but does not by itself indicate whether traders expect a move higher or lower. Implied Volatility Surging for Kinross Gold Stock Options
• Negative Sentiment: Revenue missed estimates by a wide margin. Quarterly revenue was $1.75 billion versus the $1.94 billion consensus, while reports pointed to production headwinds and a roughly 20% increase in costs despite record gold prices. Kinross Gold Q3 2026 Costs Surge
• Negative Sentiment: Investor uncertainty was amplified by a law-firm investigation into potential claims on behalf of Kinross investors, adding reputational and legal overhang. Pomerantz Investor Alert

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KGC. Citigroup restated a “buy” rating on shares of Kinross Gold in a report on Monday, September 28th. Scotia dropped their target price on Kinross Gold from $41.00 to $39.00 and set a “sector outperform” rating on the stock in a report on Thursday, September 24th. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 31st. Canaccord Genuity Group decreased their price target on Kinross Gold from $52.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Finally, UBS Group decreased their price target on Kinross Gold from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.06.

Kinross Gold Stock Performance

Shares of NYSE KGC opened at $20.17 on Monday. The stock’s fifty day moving average price is $26.44 and its two-hundred day moving average price is $28.84. The firm has a market cap of $23.77 billion, a price-to-earnings ratio of 7.61, a P/E/G ratio of 0.67 and a beta of 0.83. Kinross Gold Corporation has a one year low of $19.70 and a one year high of $39.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.87 and a quick ratio of 1.89.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, October 28th. The mining company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Kinross Gold had a return on equity of 32.84% and a net margin of 37.62%. On average, equities analysts forecast that Kinross Gold Corporation will post 2.40 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. Kinross Gold’s payout ratio is currently 6.04%.

Kinross Gold Profile

Kinross Gold Corporation is a Canadian gold mining company headquartered in Toronto, Ontario. Founded in 1993, the company explores for, develops and operates gold mines, with silver produced as a byproduct at some operations.

Kinross’s producing assets have included mines in the United States, Brazil, Chile and Mauritania. Its operations have included Fort Knox in Alaska, Round Mountain and Bald Mountain in Nevada, Paracatu in Brazil, La Coipa in Chile and Tasiast in Mauritania. The company also pursues exploration and development projects intended to support future production.

Kinross sells the gold it produces to customers in international bullion markets and manages activities spanning mine development, extraction, processing and reclamation.