Traders Purchase Large Volume of Kinross Gold Call Options (NYSE:KGC)

Kinross Gold Corporation (NYSE:KGC) (TSE:K) was the recipient of some unusual options trading activity on Thursday. Investors acquired 17,609 call options on the stock. This represents an increase of approximately 183% compared to the average volume of 6,225 call options.

Hedge Funds Weigh In On Kinross Gold

Institutional investors have recently modified their holdings of the business. Andra AP fonden increased its position in shares of Kinross Gold by 10.0% during the 2nd quarter. Andra AP fonden now owns 867,872 shares of the mining company’s stock valued at $20,499,000 after purchasing an additional 78,900 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of Kinross Gold in the 2nd quarter worth about $995,000. Nykredit A S bought a new position in Kinross Gold during the second quarter valued at about $10,711,000. Allianz Asset Management GmbH grew its position in Kinross Gold by 17.0% during the second quarter. Allianz Asset Management GmbH now owns 9,596,638 shares of the mining company’s stock valued at $227,141,000 after buying an additional 1,395,576 shares during the period. Finally, Corient Private Wealth LP increased its holdings in Kinross Gold by 2.0% during the second quarter. Corient Private Wealth LP now owns 53,928 shares of the mining company’s stock worth $1,274,000 after buying an additional 1,064 shares during the last quarter. 63.69% of the stock is owned by institutional investors.

Kinross Gold Stock Performance

Shares of KGC opened at $24.39 on Friday. The firm has a market capitalization of $28.89 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.70 and a beta of 0.84. Kinross Gold has a 52 week low of $22.01 and a 52 week high of $39.11. The stock has a 50 day moving average price of $27.66 and a two-hundred day moving average price of $28.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.95 and a current ratio of 2.89.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. Equities analysts forecast that Kinross Gold will post 2.61 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. Kinross Gold’s dividend payout ratio (DPR) is currently 6.06%.

Analysts Set New Price Targets

Several analysts have recently commented on KGC shares. TD reduced their target price on Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday. UBS Group cut their price target on Kinross Gold from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Scotia reduced their price objective on Kinross Gold from $41.00 to $39.00 and set a “sector outperform” rating for the company in a research note on Thursday. Canaccord Genuity Group decreased their price objective on Kinross Gold from $52.00 to $47.00 and set a “buy” rating for the company in a report on Thursday. Finally, TD Securities lowered their target price on Kinross Gold from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Kinross Gold presently has a consensus rating of “Moderate Buy” and an average 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 a greater planned allocation of cash to dividends, buybacks, or other shareholder distributions. Kinross Gold Updates Production Outlook, Raises Capital Return Target
• Positive Sentiment: Jefferies maintained a Buy rating, saying a meaningful portion of the affected production appears deferred rather than permanently lost. Paracatu and Tasiast were also reported to be performing well. Kinross Gold shares tumble on weaker La Coipa, Round Mountain outlook
• Neutral Sentiment: Options activity was unusually high, with investors purchasing 17,609 call options, roughly 183% above average volume. This may reflect speculative interest but does not establish a clear directional outlook.
• Negative Sentiment: Kinross now expects annual 2026 and 2027 attributable production of approximately 1.84 million to 1.86 million gold-equivalent ounces, or 2% to 3% below the low end of its previous guidance. La Coipa was affected by severe winter weather, lower mining rates, throughput and recovery issues, while Round Mountain faced lower mining rates, grades, and recoveries. Kinross provides operational and return of capital update
• Negative Sentiment: The company also raised its 2026 cost guidance to approximately $1,420–$1,460 per ounce for production cost of sales and $1,850–$1,900 per ounce for all-in sustaining costs. Lower expected output and higher costs threaten near-term earnings and cash-flow estimates. Kinross Gold Falls as Production Outlook Is Cut and Cost Guidance Rises
• Negative Sentiment: Scotiabank, TD Securities, and Canaccord lowered their price targets, although all retained favorable ratings. A separate investor notice announced a potential securities-law investigation following the guidance cut, adding uncertainty and headline risk. Kinross Gold Stock Falls on Production Guidance Cuts and Price Target Reduction

Kinross Gold Company Profile

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.