Swiss Life Asset Management Ltd Increases Holdings in Kinross Gold Corporation $KGC

Swiss Life Asset Management Ltd lifted its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 47.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,902 shares of the mining company’s stock after acquiring an additional 79,023 shares during the period. Swiss Life Asset Management Ltd’s holdings in Kinross Gold were worth $6,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its stake in Kinross Gold by 273.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,233 shares of the mining company’s stock worth $130,000 after purchasing an additional 3,830 shares during the period. Tcfg Wealth Management LLC bought a new stake in shares of Kinross Gold during the third quarter valued at approximately $338,000. Achmea Investment Management B.V. lifted its holdings in shares of Kinross Gold by 0.5% in the third quarter. Achmea Investment Management B.V. now owns 1,016,357 shares of the mining company’s stock worth $25,230,000 after buying an additional 5,200 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of Kinross Gold in the third quarter worth $538,000. Finally, Aspire Private Capital LLC bought a new position in shares of Kinross Gold during the third quarter worth $205,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Trading Down 3.3%

Shares of KGC opened at $26.51 on Friday. The stock has a market capitalization of $31.75 billion, a PE ratio of 13.53, a P/E/G ratio of 1.30 and a beta of 0.73. The company’s fifty day moving average is $33.70 and its 200 day moving average is $28.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 2.35. Kinross Gold Corporation has a fifty-two week low of $11.12 and a fifty-two week high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last released 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 net margin of 33.90% and a return on equity of 28.22%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the business earned $0.20 earnings per share. Kinross Gold’s quarterly revenue was up 42.9% compared to the same quarter last year. Sell-side analysts expect that Kinross Gold Corporation will post 0.81 earnings per share for the current fiscal year.

Kinross Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 11th. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.04. Kinross Gold’s payout ratio is 8.16%.

Key Stories 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?

Analyst Upgrades and Downgrades

KGC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. Jefferies Financial Group reissued a “buy” rating and set a $33.00 price objective on shares of Kinross Gold in a report on Sunday, December 7th. Desjardins assumed coverage on Kinross Gold in a research report on Friday, November 28th. They set a “buy” rating for the company. TD Securities reduced their target price on Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Royal Bank Of Canada upgraded Kinross Gold from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $36.00 to $45.00 in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.56.

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.