Sowell Financial Services LLC Acquires New Position in Kinross Gold Corporation $KGC

Sowell Financial Services LLC acquired a new stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,398 shares of the mining company’s stock, valued at approximately $973,000.

Other large investors have also modified their holdings of the company. Allianz Asset Management GmbH increased its holdings in Kinross Gold by 17.0% in the 2nd 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. U S Global Investors Inc. raised its stake in shares of Kinross Gold by 95.4% in the 1st quarter. U S Global Investors Inc. now owns 195,363 shares of the mining company’s stock valued at $5,962,000 after buying an additional 95,363 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of Kinross Gold during the 1st quarter worth about $2,263,000. Deutsche Bank AG bought a new position in shares of Kinross Gold during the 2nd quarter worth about $217,800,000. Finally, Andra AP fonden lifted its holdings 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 worth $20,499,000 after acquiring an additional 78,900 shares during the period. 63.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KGC shares. Jefferies Financial Group lowered their target price on shares of Kinross Gold from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Bank of America cut their price target on shares of Kinross Gold from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. TD decreased their price objective on Kinross Gold from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Canaccord Genuity Group decreased their price objective on Kinross Gold from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Finally, TD Securities lowered their price objective on Kinross Gold from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.06.

Kinross Gold Stock Performance

Kinross Gold stock opened at $20.17 on Monday. The stock has a 50-day simple moving average of $26.44 and a 200 day simple moving average of $28.84. The company has a quick ratio of 1.89, a current ratio of 2.87 and a debt-to-equity ratio of 0.07. Kinross Gold Corporation has a 12-month low of $19.70 and a 12-month high of $39.11. The stock has a market capitalization of $23.77 billion, a price-to-earnings ratio of 7.61, a P/E/G ratio of 0.67 and a beta of 0.83.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, October 28th. The mining company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.94 billion. Kinross Gold had a net margin of 37.62% and a return on equity of 32.84%. On average, research analysts anticipate that Kinross Gold Corporation will post 2.40 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 19th. Kinross Gold’s payout ratio is presently 6.04%.

Trending Headlines about Kinross Gold

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

• Positive Sentiment: Adjusted earnings exceeded expectations. Kinross reported third-quarter EPS of $0.50, above the $0.46 consensus and up from $0.44 a year earlier. Gold prices rose 23% year over year, supporting profitability. Kinross Gold Beats Q3 Earnings Estimates
• Positive Sentiment: Management highlighted progress on growth initiatives. Kinross said it remains on track with updated guidance, advanced grade-enhancement projects and poured first gold at its Redbird project. The company also raised its return-of-capital target to 50% and has repurchased about 5% of its shares since April 2025. Kinross Reports 2026 Third-Quarter Results
• Positive Sentiment: The quarterly dividend was maintained. Kinross declared a $0.04-per-share dividend, payable December 3 to shareholders of record November 19, providing continued shareholder returns. Kinross Declares Quarterly Dividend
• Neutral Sentiment: Options-market volatility has increased. The rise in implied volatility signals greater near-term uncertainty around KGC, but does not by itself indicate whether traders expect a move higher or lower. Implied Volatility Surging for Kinross Gold Stock Options
• Negative Sentiment: Revenue missed estimates by a wide margin. Quarterly revenue was $1.75 billion versus the $1.94 billion consensus, while reports pointed to production headwinds and a roughly 20% increase in costs despite record gold prices. Kinross Gold Q3 2026 Costs Surge
• Negative Sentiment: Investor uncertainty was amplified by a law-firm investigation into potential claims on behalf of Kinross investors, adding reputational and legal overhang. Pomerantz Investor Alert

Kinross Gold Profile

Kinross Gold Corporation is a Canadian gold mining company headquartered in Toronto, Ontario. Founded in 1993, the company explores for, develops and operates gold mines, with silver produced as a byproduct at some operations.

Kinross’s producing assets have included mines in the United States, Brazil, Chile and Mauritania. Its operations have included Fort Knox in Alaska, Round Mountain and Bald Mountain in Nevada, Paracatu in Brazil, La Coipa in Chile and Tasiast in Mauritania. The company also pursues exploration and development projects intended to support future production.

Kinross sells the gold it produces to customers in international bullion markets and manages activities spanning mine development, extraction, processing and reclamation.