Kinross Gold Corporation $KGC Shares Sold by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC decreased its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 20.1% during the third quarter, Holdings Channel.com reports. The fund owned 109,776 shares of the mining company’s stock after selling 27,587 shares during the quarter. Red Cedar Investment Management LLC’s holdings in Kinross Gold were worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in KGC. Leuthold Group LLC increased its stake in shares of Kinross Gold by 7.1% in the third quarter. Leuthold Group LLC now owns 469,058 shares of the mining company’s stock worth $11,295,000 after purchasing an additional 30,979 shares in the last quarter. Fulcrum Asset Management LLP boosted its holdings in Kinross Gold by 0.8% in the 3rd quarter. Fulcrum Asset Management LLP now owns 70,118 shares of the mining company’s stock worth $1,694,000 after buying an additional 560 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Kinross Gold during the third quarter valued at about $60,128,000. Euro Pacific Asset Management LLC raised its holdings in Kinross Gold by 5.7% during the third quarter. Euro Pacific Asset Management LLC now owns 805,317 shares of the mining company’s stock valued at $19,392,000 after acquiring an additional 43,291 shares during the period. Finally, Pictet Asset Management Holding SA bought a new stake in Kinross Gold during the third quarter valued at about $15,814,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KGC shares. Zacks Research raised Kinross Gold from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. TD dropped their target price on shares of Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Canadian Imperial Bank of Commerce cut their target price on shares of Kinross Gold from $34.00 to $33.00 and set an “outperformer” rating for the company in a research note on Tuesday, November 3rd. Wall Street Zen cut shares of Kinross Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Scotia reduced their price target on shares of Kinross Gold from $41.00 to $39.00 and set a “sector outperform” rating on the stock in a report 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.98.

Kinross Gold Price Performance

NYSE:KGC opened at $22.84 on Tuesday. The company has a current ratio of 2.87, a quick ratio of 1.89 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $26.91 billion, a P/E ratio of 8.62, a P/E/G ratio of 0.70 and a beta of 0.83. Kinross Gold Corporation has a 12 month low of $19.70 and a 12 month high of $39.11. The business’s 50-day moving average is $25.10 and its 200 day moving average is $28.46.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, October 28th. The mining company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Kinross Gold had a return on equity of 32.84% and a net margin of 37.62%. On average, equities research analysts forecast that Kinross Gold Corporation will post 2.39 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. Kinross Gold’s payout ratio is 6.04%.

Kinross Gold News Summary

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

• Negative Sentiment: The lawsuit alleges Kinross and certain executives made misleading statements about the company’s production outlook and expected growth, while understating the risk of sequential production declines at Round Mountain Phase S. The claims concern investors who bought shares from February 18 through September 23, 2026. Holzer & Holzer lawsuit notice
• Neutral Sentiment: Investors have until January 5, 2027, to seek appointment as lead plaintiff. This is a procedural deadline, not a finding that Kinross committed wrongdoing. Kirby McInerney lawsuit notice

Kinross Gold Profile

Kinross Gold Corporation is a Toronto-based gold mining company engaged in the exploration, development and operation of gold mines. Its principal product is gold, with silver also produced at some operations.

The company operates mines in the United States, Brazil, Chile and Mauritania. Its activities span the mining process, from identifying and developing mineral deposits to extracting and processing ore.

Founded in 1993, Kinross has grown through acquisitions and the development of mining projects across the Americas and West Africa.