Kinross Gold Corporation $KGC Stock: IFP Advisors Inc Decreases Position

IFP Advisors Inc lowered its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 98.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,522 shares of the mining company’s stock after selling 225,158 shares during the period. IFP Advisors Inc’s holdings in Kinross Gold were worth $61,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KGC. Elevated Financial Group LLC acquired a new position in shares of Kinross Gold during the 3rd quarter valued at $499,000. TD Waterhouse Canada Inc. acquired a new position in shares of Kinross Gold during the third quarter worth about $15,795,000. Ninety One UK Ltd lifted its stake in shares of Kinross Gold by 214.1% during the third quarter. Ninety One UK Ltd now owns 8,614,109 shares of the mining company’s stock worth $207,996,000 after purchasing an additional 5,872,044 shares in the last quarter. Ninety One SA Pty Ltd lifted its stake in shares of Kinross Gold by 1.3% during the third quarter. Ninety One SA Pty Ltd now owns 521,026 shares of the mining company’s stock worth $12,585,000 after purchasing an additional 6,826 shares in the last quarter. Finally, Formuepleje A S purchased a new stake in shares of Kinross Gold in the third quarter worth about $668,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

NYSE:KGC opened at $20.17 on Friday. The firm has a 50-day moving average of $26.44 and a two-hundred day moving average of $28.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.87 and a quick ratio of 1.95. The stock has a market cap of $23.77 billion, a P/E ratio of 8.34, a PEG ratio of 0.72 and a beta of 0.82. Kinross Gold Corporation has a 1-year low of $19.70 and a 1-year high of $39.11.

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. Kinross Gold had a return on equity of 32.84% and a net margin of 37.62%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, research analysts expect that Kinross Gold Corporation will post 2.40 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. Kinross Gold’s dividend payout ratio (DPR) is 6.06%.

Key Headlines Impacting 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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $34.00 target price on shares of Kinross Gold in a report on Friday, October 16th. TD decreased their price target on Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 24th. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 31st. Scotia dropped their price objective on shares of Kinross Gold from $41.00 to $39.00 and set a “sector outperform” rating on the stock in a research note on Thursday, September 24th. Finally, TD Securities dropped their price objective on shares of 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 assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and a consensus price target of $38.06.

Kinross Gold Company 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.