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

Kinross Gold Corporation (NYSE:KGC) (TSE:K) saw unusually large options trading on Thursday. Investors bought 17,609 call options on the company. This is an increase of approximately 183% compared to the average daily volume of 6,225 call options.

Analyst Ratings Changes

A number of brokerages have issued reports on KGC. Scotiabank reduced their price objective on shares of Kinross Gold from $41.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday. Jefferies Financial Group dropped their target price on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, July 6th. TD cut their target price on shares of Kinross Gold from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group decreased 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 note on Tuesday, June 30th. Finally, Wall Street Zen lowered shares of Kinross Gold from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.10.

More 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

Kinross Gold Stock Down 12.6%

KGC traded down $3.47 during midday trading on Thursday, reaching $24.15. The company’s stock had a trading volume of 14,772,767 shares, compared to its average volume of 9,412,179. Kinross Gold has a 1 year low of $22.01 and a 1 year high of $39.11. The stock’s 50-day moving average is $27.63 and its 200-day moving average is $28.41. The firm has a market capitalization of $28.61 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.70 and a beta of 0.84. The company has a current ratio of 2.89, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, topping 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 business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, research analysts expect that Kinross Gold will post 2.56 EPS for the current year.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.04 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.7%. Kinross Gold’s payout ratio is presently 6.06%.

Institutional Trading of Kinross Gold

A number of institutional investors and hedge funds have recently bought and sold shares of KGC. Allianz Asset Management GmbH raised its holdings in Kinross Gold by 17.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 9,596,638 shares of the mining company’s stock worth $227,141,000 after acquiring an additional 1,395,576 shares during the last quarter. U S Global Investors Inc. lifted its position in Kinross Gold by 95.4% in the 1st quarter. U S Global Investors Inc. now owns 195,363 shares of the mining company’s stock valued at $5,962,000 after acquiring an additional 95,363 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in Kinross Gold during the 1st quarter valued at $2,263,000. TD Asset Management Inc boosted its stake in Kinross Gold by 4.7% during the 4th quarter. TD Asset Management Inc now owns 5,879,190 shares of the mining company’s stock valued at $165,814,000 after purchasing an additional 261,861 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Kinross Gold in the 2nd quarter worth $217,800,000. 63.69% of the stock is currently owned by institutional investors.

About Kinross Gold

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.