Wealth High Governance Capital Ltda Invests $5.36 Million in Kinross Gold Corporation $KGC

Wealth High Governance Capital Ltda purchased a new position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 175,542 shares of the mining company’s stock, valued at approximately $5,358,000. Kinross Gold makes up about 1.6% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 28th biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Kinross Gold during the 4th quarter valued at $26,000. Financial Management Professionals Inc. bought a new stake in Kinross Gold in the 4th quarter valued at about $26,000. Virtus Advisers LLC bought a new stake in shares of Kinross Gold in the third quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new stake in shares of Kinross Gold during the 1st quarter valued at $29,000. Finally, Harvest Fund Management Co. Ltd lifted its position in Kinross Gold by 85.2% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company’s stock worth $32,000 after purchasing an additional 589 shares during the period. 63.69% of the stock is owned by institutional investors and hedge funds.

Kinross Gold Stock Down 0.1%

Shares of NYSE:KGC opened at $23.08 on Monday. The business’s 50 day moving average is $25.26 and its 200 day moving average is $29.91. Kinross Gold Corporation has a 12-month low of $15.78 and a 12-month high of $39.11. The stock has a market cap of $27.38 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 0.63 and a beta of 0.78. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.05. Kinross Gold had a return on equity of 34.00% and a net margin of 37.52%.The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm posted $0.44 EPS. Kinross Gold’s quarterly revenue was up 29.5% compared to the same quarter last year. On average, sell-side analysts forecast that Kinross Gold Corporation will post 2.62 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.04 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.7%. Kinross Gold’s dividend payout ratio is presently 6.06%.

Key Headlines Impacting Kinross Gold

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

• Positive Sentiment: Kinross reported second-quarter adjusted earnings of $0.71 per share, ahead of the $0.66 analyst consensus and up from $0.44 a year earlier. Revenue rose 29.5% year over year to $2.22 billion, while production reached 492,000 gold-equivalent ounces. Kinross Gold Q2 Earnings Surpass Estimates
• Positive Sentiment: Free cash flow exceeded $725 million in the quarter, supported by disciplined cost management and strong margins. Kinross said it returned about 40% of free cash flow to shareholders, totaling more than $600 million year to date, while maintaining its full-year outlook. Kinross Reports Strong 2026 Second-Quarter Results
• Positive Sentiment: The board declared a quarterly dividend of $0.04 per share, payable September 3 to shareholders of record August 20. The payout reinforces Kinross’ shareholder-return program, although the indicated yield is relatively modest at approximately 0.7%. Kinross Declares Quarterly Dividend
• Neutral Sentiment: Lobo-Marte remains a potentially significant growth project, with expected average annual production of roughly 350,000 ounces, estimated all-in sustaining costs near $1,000 per ounce and a projected net present value of $4.3 billion. Permitting and engineering are reportedly progressing as planned. Kinross Provides Update on Lobo-Marte Project
• Negative Sentiment: Investors may be concerned that Lobo-Marte’s projected development cost has increased 67%. Although the project’s net present value has more than tripled, the higher capital requirement raises execution, financing and cost-overrun risks. Kinross Gold’s Lobo-Marte Cost Jumps 67%
• Negative Sentiment: Quarterly revenue was slightly below the $2.24 billion consensus estimate. The stock also remains below its 50-day and 200-day moving averages, indicating that near-term sentiment is cautious even after the earnings beat.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KGC. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday. Wall Street Zen downgraded shares of Kinross Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Weiss Ratings lowered shares of Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, Scotiabank dropped their price target on Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.31.

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.