Elevation Point Wealth Partners LLC Purchases Shares of 51,225 Kinross Gold Corporation $KGC

Elevation Point Wealth Partners LLC acquired a new position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 51,225 shares of the mining company’s stock, valued at approximately $1,210,000.

A number of other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in Kinross Gold in the second quarter worth approximately $5,335,000. Cadence Wealth Management LLC purchased a new stake in shares of Kinross Gold in the 2nd quarter valued at approximately $1,055,000. Quantbot Technologies LP acquired a new stake in shares of Kinross Gold in the 2nd quarter valued at $3,101,000. Sumitomo Life Insurance Co. acquired a new stake in shares of Kinross Gold in the 2nd quarter valued at $1,371,000. Finally, Korea Investment CORP purchased a new stake in shares of Kinross Gold during the 2nd quarter worth $33,685,000. 63.69% of the stock is currently owned by hedge funds and other institutional investors.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at $32.78 on Monday. The stock has a market capitalization of $38.88 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.88 and a beta of 0.78. The firm’s fifty day simple moving average is $25.25 and its 200-day simple moving average is $29.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.95. Kinross Gold Corporation has a 12 month low of $19.19 and a 12 month high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.24 billion. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. Kinross Gold’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. As a group, equities analysts forecast that Kinross Gold Corporation will post 2.61 earnings per share for the current year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.04 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Kinross Gold’s payout ratio is currently 6.06%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 31st. Jefferies Financial Group decreased their price target on Kinross Gold from $41.00 to $38.00 and set a “buy” rating for the company in a report on Monday, July 6th. Weiss Ratings cut Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen lowered Kinross Gold from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.43.

Kinross Gold News Summary

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

• Positive Sentiment: Gold prices remain a key catalyst for Kinross, because higher bullion prices can improve realized revenue, margins and free cash flow for the gold producer. This keeps KGC in focus as investors assess the outlook for precious-metals prices. What Puts Kinross Gold in Focus as Gold Prices Move?
• Neutral Sentiment: Investors are also monitoring Kinross’s cost outlook. Production costs are especially important if gold prices retreat, as higher costs could compress margins; the latest coverage focuses on this key profitability signal. What Is the Key Cost Signal for Kinross Gold?
• Negative Sentiment: Zacks Research lowered EPS forecasts across multiple periods and maintained a “Strong Sell” rating. Estimates fell for Q3 2026 to $0.57 from $0.76, FY2026 to $2.63 from $2.79, FY2027 to $2.48 from $2.83 and FY2028 to $2.36 from $2.78. Forecasts for several 2027 quarters were also reduced. Although Q4 2026 EPS was raised modestly to $0.64 from $0.62, the broader revisions imply weaker expected earnings growth and may pressure the shares.

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.