Convergence Financial LLC Purchases 52,792 Shares of Kinross Gold Corporation $KGC

Convergence Financial LLC acquired a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 52,792 shares of the mining company’s stock, valued at approximately $1,271,000.

A number of other large investors have also modified their holdings of the company. Caitlin John LLC boosted its stake in shares of Kinross Gold by 42.1% during the 2nd quarter. Caitlin John LLC now owns 1,350 shares of the mining company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its position in shares of Kinross Gold by 0.4% during the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 141,100 shares of the mining company’s stock valued at $3,329,000 after acquiring an additional 500 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Kinross Gold by 80.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,355 shares of the mining company’s stock valued at $41,000 after purchasing an additional 605 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Kinross Gold by 6.8% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,137 shares of the mining company’s stock worth $309,000 after purchasing an additional 645 shares during the period. Finally, Baron Wealth Management LLC raised its holdings in Kinross Gold by 3.1% in the 2nd quarter. Baron Wealth Management LLC now owns 21,941 shares of the mining company’s stock worth $518,000 after purchasing an additional 653 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Key Headlines Impacting Kinross Gold

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

• Positive Sentiment: Kinross earned $0.50 per share in the third quarter, exceeding the Zacks consensus estimate of $0.46 and improving from $0.44 a year earlier. Kinross Gold Beats Q3 Earnings Estimates
• Positive Sentiment: Management said the company remains on track for updated guidance, grade-enhancement projects are advancing, and the Redbird project has produced its first gold. These milestones support expectations for future production and operating performance. Kinross Reports 2026 Third-Quarter Results
• Positive Sentiment: The board declared a quarterly dividend of US$0.04 per share, payable December 3 to shareholders of record November 19. Kinross also said its return-of-capital program has increased to 50% and that it has repurchased 5% of outstanding shares since April 2025. Kinross Declares Quarterly Dividend
• Neutral Sentiment: An investor-alert law firm is investigating potential claims involving Kinross. Such announcements are often solicitations and do not establish wrongdoing, but they may create short-term headline risk. Pomerantz Investor Alert
• Negative Sentiment: Reports indicated costs increased about 20% despite record gold prices. Higher all-in sustaining costs could limit margin expansion and reduce the benefit of strong bullion prices. Kinross Gold Q3 2026 Costs
• Negative Sentiment: Higher interest rates and a stronger U.S. dollar are broader headwinds for gold miners, while commentary noted that Kinross had already experienced a large run-up followed by a steep pullback. Continued rate increases could pressure mining-sector valuations.

Analysts Set New Price Targets

Several brokerages have commented on KGC. RBC Dominion Securities set a $39.00 price objective on Kinross Gold and gave the company an “outperform” rating in a report on Thursday, October 22nd. Zacks Research raised Kinross Gold from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Scotia reduced their target price on Kinross Gold from $41.00 to $39.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 24th. Weiss Ratings lowered Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada dropped their price target on shares of Kinross Gold from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Kinross Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.06.

Kinross Gold Stock Down 0.1%

KGC stock opened at $22.97 on Thursday. Kinross Gold Corporation has a 52 week low of $21.82 and a 52 week high of $39.11. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $26.84 and a 200-day simple moving average of $28.96. The stock has a market capitalization of $27.14 billion, a P/E ratio of 8.70, a P/E/G ratio of 0.74 and a beta of 0.82.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, October 28th. The mining company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.94 billion. Equities analysts forecast that Kinross Gold Corporation will post 2.41 earnings per share for the current fiscal year.

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.