Leuthold Group LLC Acquires 30,979 Shares of Kinross Gold Corporation $KGC

Leuthold Group LLC boosted its holdings in Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 7.1% during the third quarter, HoldingsChannel.com reports. The fund owned 469,058 shares of the mining company’s stock after purchasing an additional 30,979 shares during the period. Kinross Gold accounts for 1.0% of Leuthold Group LLC’s portfolio, making the stock its 21st largest holding. Leuthold Group LLC’s holdings in Kinross Gold were worth $11,295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KGC. Renaissance Technologies LLC grew its stake in shares of Kinross Gold by 2.3% in the 1st quarter. Renaissance Technologies LLC now owns 25,546,413 shares of the mining company’s stock valued at $779,677,000 after purchasing an additional 571,100 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Kinross Gold by 9.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 10,014,321 shares of the mining company’s stock worth $305,888,000 after buying an additional 854,802 shares in the last quarter. Man Group plc bought a new position in shares of Kinross Gold during the 2nd quarter worth approximately $298,152,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Kinross Gold during the 2nd quarter worth approximately $264,652,000. Finally, Bank of America Corp DE lifted its position in shares of Kinross Gold by 11.4% during the 2nd quarter. Bank of America Corp DE now owns 10,822,887 shares of the mining company’s stock worth $255,637,000 after buying an additional 1,106,837 shares during the period. Institutional investors and hedge funds own 63.69% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Wall Street Zen lowered Kinross Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Canaccord Genuity Group reduced their target price on shares of Kinross Gold from $52.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, July 31st. 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. Finally, RBC Dominion Securities set a $39.00 price target on shares of Kinross Gold and gave the company an “outperform” rating in a report on Thursday, October 22nd. One research 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 stock. Based on data from MarketBeat, Kinross Gold presently has an average rating of “Moderate Buy” and a consensus price target of $37.98.

Kinross Gold Trading Up 2.7%

KGC stock opened at $22.84 on Tuesday. The business has a fifty day moving average price of $25.10 and a 200 day moving average price of $28.46. Kinross Gold Corporation has a fifty-two week low of $19.70 and a fifty-two week high of $39.11. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 0.70 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.87 and a quick ratio of 1.89.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its quarterly earnings data on Wednesday, October 28th. The mining company reported $0.50 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.94 billion. Analysts expect that Kinross Gold Corporation will post 2.39 EPS for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders 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 annualized dividend and a yield of 0.7%. Kinross Gold’s dividend payout ratio is currently 6.04%.

Key Stories Impacting Kinross Gold

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

About Kinross Gold

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.