Legacy Capital Group California Inc. Purchases New Shares in Kinross Gold Corporation $KGC

Legacy Capital Group California Inc. purchased a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,580 shares of the mining company’s stock, valued at approximately $467,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Caitlin John LLC bought a new position in Kinross Gold in the 3rd quarter valued at $26,000. V Square Quantitative Management LLC bought a new position in Kinross Gold in the 4th quarter valued at $26,000. Financial Management Professionals Inc. bought a new position in Kinross Gold in the 4th quarter valued at $26,000. Virtus Advisers LLC bought a new position in Kinross Gold in the 3rd quarter valued at $28,000. Finally, GPS Wealth Strategies Group LLC bought a new position in Kinross Gold in the 3rd quarter valued at $29,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

More Kinross Gold News

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

• Positive Sentiment: Analysts expect Kinross to report earnings growth and the company is seen as likely to beat next week’s consensus — a near‑term catalyst that can support the share price. Kinross Gold (KGC) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Street coverage is favorable: the stock has been given an average analyst rating of “Moderate Buy,” which supports investor confidence. Kinross Gold Corporation (NYSE:KGC) Given Average Rating of “Moderate Buy” by Analysts
• Positive Sentiment: Broader investor interest in gold stocks is lifting demand for leaders like Kinross; it was featured on a recent “best gold stocks” list, which can attract longer‑term inflows. 10 Best Gold Stocks to Buy for the Long Term
• Positive Sentiment: Analyst comparisons highlight improving fundamentals (higher production, stronger cash flow, lower debt) versus peers, reinforcing Kinross’s investment case if metals prices remain firm. AEM vs. KGC: Which Gold Miner Deserves a Spot in Your Portfolio?
• Neutral Sentiment: Valuation and momentum checks note a huge one‑year return (125%+) and strong multi‑year gains; that performance keeps the stock on investors’ radars but complicates entry timing. Kinross Gold (TSX:K) Valuation Check After Robust Three Year Return And Recent Share Price Moves
• Neutral Sentiment: Sector headlines and competitor earnings (Agnico Eagle) matter for relative performance and sentiment but are not company‑specific catalysts. Agnico Eagle Mines (AEM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Some investors are questioning whether the recent rally has priced in most upside, prompting short‑term pullbacks and profit‑taking as momentum cools over 90 days. Is It Too Late To Consider Kinross Gold (TSX:K) After A 125% One-Year Surge?

Analysts Set New Price Targets

A number of research analysts have issued reports on KGC shares. UBS Group reduced their price objective on Kinross Gold from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Canadian Imperial Bank of Commerce set a $54.00 price objective on Kinross Gold in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (a)” rating on shares of Kinross Gold in a research note on Wednesday, January 28th. Scotiabank upped their price objective on Kinross Gold from $32.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, TD Securities reduced their price objective on Kinross Gold from $43.00 to $42.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Kinross Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

Kinross Gold Stock Performance

Shares of KGC opened at $32.09 on Friday. The stock’s 50-day simple moving average is $32.40 and its 200 day simple moving average is $29.84. The stock has a market capitalization of $38.31 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 2.35. Kinross Gold Corporation has a 52-week low of $13.28 and a 52-week high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings data on Wednesday, February 18th. The mining company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Kinross Gold had a return on equity of 28.22% and a net margin of 33.90%.The firm’s quarterly revenue was up 42.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. Research analysts forecast that Kinross Gold Corporation will post 2.77 EPS for the current fiscal year.

Kinross Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 11th were issued a dividend of $0.04 per share. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Kinross Gold’s payout ratio is currently 8.16%.

Kinross Gold Profile

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.