QP Wealth Management LLC Acquires New Shares in Kinross Gold Corporation $KGC

QP Wealth Management LLC acquired a new position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the fourth quarter, Holdings Channel.com reports. The fund acquired 76,045 shares of the mining company’s stock, valued at approximately $2,141,000. Kinross Gold accounts for approximately 1.9% of QP Wealth Management LLC’s holdings, making the stock its 15th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Kinross Gold in the 2nd quarter worth approximately $389,025,000. Van ECK Associates Corp boosted its holdings in Kinross Gold by 7.8% in 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 grew 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 in the last quarter. Bank of America Corp DE grew 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 in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Kinross Gold in the third quarter worth $80,299,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KGC. TD Securities dropped their price objective on Kinross Gold from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Jefferies Financial Group restated a “buy” rating and issued a $33.00 target price on shares of Kinross Gold in a research note on Sunday, December 7th. Royal Bank Of Canada raised Kinross Gold from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $36.00 to $45.00 in a report on Thursday, March 12th. Canadian Imperial Bank of Commerce set a $54.00 price target on Kinross Gold in a research report on Wednesday, February 4th. Finally, Wall Street Zen raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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 Trading Down 3.3%

Shares of KGC stock opened at $26.51 on Friday. The business has a 50-day moving average price of $33.70 and a two-hundred day moving average price of $28.46. Kinross Gold Corporation has a 12-month low of $11.12 and a 12-month high of $39.11. The company has a quick ratio of 1.37, a current ratio of 2.35 and a debt-to-equity ratio of 0.08. The firm has a market cap of $31.75 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.34 and a beta of 0.73.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 18th. The mining company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.55 by $0.12. Kinross Gold had a return on equity of 28.22% and a net margin of 33.90%.The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the company earned $0.20 EPS. The company’s revenue was up 42.9% on a year-over-year basis. Equities analysts anticipate that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.

Kinross Gold Increases Dividend

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

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.