PKO Investment Management Joint Stock Co Boosts Stake in Kinross Gold Corporation $KGC

PKO Investment Management Joint Stock Co increased its stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 482,806 shares of the mining company’s stock after purchasing an additional 32,800 shares during the quarter. Kinross Gold makes up approximately 1.1% of PKO Investment Management Joint Stock Co’s investment portfolio, making the stock its 20th biggest position. PKO Investment Management Joint Stock Co’s holdings in Kinross Gold were worth $13,624,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Caitlin John LLC bought a new stake in Kinross Gold during the third quarter valued at about $26,000. V Square Quantitative Management LLC bought a new position in shares of Kinross Gold in the fourth quarter worth about $26,000. Financial Management Professionals Inc. bought a new position in shares of Kinross Gold in the fourth quarter worth about $26,000. Virtus Advisers LLC purchased a new position in shares of Kinross Gold during the 3rd quarter valued at about $28,000. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of Kinross Gold during the 3rd quarter valued at about $29,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Stock Down 2.3%

Shares of KGC opened at $29.55 on Friday. The business’s 50 day moving average is $32.10 and its 200 day moving average is $30.09. The company has a current ratio of 2.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Kinross Gold Corporation has a 12-month low of $13.28 and a 12-month high of $39.11. The company has a market capitalization of $35.29 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.41 and a beta of 0.73.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 60.8% compared to the same quarter last year. Research analysts expect that Kinross Gold Corporation will post 2.78 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. Kinross Gold’s dividend payout ratio is currently 6.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce set a $54.00 target price on shares of Kinross Gold in a report on Wednesday, February 4th. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday. UBS Group dropped their price target on shares of Kinross Gold from $43.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Zacks Research cut shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.81.

Kinross Gold News Summary

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

• Positive Sentiment: Record Q1 free cash flow (US$837.5M), net income ~US$843M and EPS that beat estimates — these underpin the company’s strong cash generation and justify increased shareholder returns. Kinross Gold (TSX:K) Is Down 6.3% After Record Q1 Free Cash Flow And Payouts To Shareholders
• Positive Sentiment: Company returned roughly US$350M to shareholders year-to-date (US$250.1M in buybacks this quarter) and declared a US$0.04 quarterly dividend — signals management focus on cash returns and buybacks that reduce share count. Kinross declares quarterly dividend
• Positive Sentiment: Analyst support remains: Stifel Canada maintained a Buy rating and C$65 price target after Q1, keeping institutional conviction intact. Kinross Gold Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Kept atC$65.00
• Positive Sentiment: Goldman Sachs has Kinross among its top gold picks and the Peak Gold JV (Lucky Shot) is showing drilling progress — potential upside from development pipeline execution. Kinross Gold Corporation (KGC) Asserts Status as one of Goldman Sachs top Gold Stock Picks
• Neutral Sentiment: Annual meeting results showed strong shareholder backing for the board — governance continuity, no immediate corporate-control concerns. Kinross announces Annual Shareholder Meeting voting results
• Neutral Sentiment: Q1 results: EPS and margins beat, revenue was up sharply year-over-year but missed consensus by a narrow margin (US$2.37B vs US$2.38B) — overall positive operational trend but a mixed top-line print. Kinross Gold Q1 results and slide deck
• Negative Sentiment: Despite cash generation, the declared dividend yields ~0.5% — modest income appeal versus peers; small revenue miss and recent run-up make the stock vulnerable to profit-taking and rotation. Compared to Estimates, Kinross Gold (KGC) Q1 Earnings: A Look at Key Metrics

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.