First Trust Advisors LP Has $11.37 Million Holdings in Kinross Gold Corporation $KGC

First Trust Advisors LP lessened its position in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 371,866 shares of the mining company’s stock after selling 41,327 shares during the quarter. First Trust Advisors LP’s holdings in Kinross Gold were worth $11,365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KGC. V Square Quantitative Management LLC bought a new stake in Kinross Gold during the fourth quarter valued at about $26,000. Financial Management Professionals Inc. bought a new position in shares of Kinross Gold in the fourth quarter worth about $26,000. Ascentis Independent Advisors bought a new position in shares of Kinross Gold in the first quarter worth about $29,000. Virtus Advisers LLC acquired a new position in shares of Kinross Gold during the 3rd quarter worth about $28,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of Kinross Gold during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

KGC has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their target price on Kinross Gold from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Royal Bank Of Canada cut their price target on Kinross Gold from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Scotiabank dropped their target price on shares of Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. Finally, ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.31.

Kinross Gold Trading Down 2.3%

Shares of KGC opened at $23.08 on Friday. Kinross Gold Corporation has a 12-month low of $15.78 and a 12-month high of $39.11. The company has a quick ratio of 1.83, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $27.38 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 0.63 and a beta of 0.78. The stock’s 50-day moving average price is $25.26 and its 200 day moving average price is $29.93.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, beating 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 firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. As a group, research analysts predict that Kinross Gold Corporation will post 2.65 earnings per share for the current year.

Kinross Gold Dividend Announcement

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

Kinross Gold News Roundup

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

• Positive Sentiment: Kinross reported second-quarter adjusted earnings of $0.71 per share, ahead of the $0.66 analyst consensus and up from $0.44 a year earlier. Revenue rose 29.5% year over year to $2.22 billion, while production reached 492,000 gold-equivalent ounces. Kinross Gold Q2 Earnings Surpass Estimates
• Positive Sentiment: Free cash flow exceeded $725 million in the quarter, supported by disciplined cost management and strong margins. Kinross said it returned about 40% of free cash flow to shareholders, totaling more than $600 million year to date, while maintaining its full-year outlook. Kinross Reports Strong 2026 Second-Quarter Results
• Positive Sentiment: The board declared a quarterly dividend of $0.04 per share, payable September 3 to shareholders of record August 20. The payout reinforces Kinross’ shareholder-return program, although the indicated yield is relatively modest at approximately 0.7%. Kinross Declares Quarterly Dividend
• Neutral Sentiment: Lobo-Marte remains a potentially significant growth project, with expected average annual production of roughly 350,000 ounces, estimated all-in sustaining costs near $1,000 per ounce and a projected net present value of $4.3 billion. Permitting and engineering are reportedly progressing as planned. Kinross Provides Update on Lobo-Marte Project
• Negative Sentiment: Investors may be concerned that Lobo-Marte’s projected development cost has increased 67%. Although the project’s net present value has more than tripled, the higher capital requirement raises execution, financing and cost-overrun risks. Kinross Gold’s Lobo-Marte Cost Jumps 67%
• Negative Sentiment: Quarterly revenue was slightly below the $2.24 billion consensus estimate. The stock also remains below its 50-day and 200-day moving averages, indicating that near-term sentiment is cautious even after the earnings beat.

Kinross Gold 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.