OMERS ADMINISTRATION Corp Makes New $13.14 Million Investment in Kinross Gold Corporation $KGC

OMERS ADMINISTRATION Corp bought a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 555,174 shares of the mining company’s stock, valued at approximately $13,140,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Virtus Advisers LLC acquired a new position in shares of Kinross Gold during the 3rd quarter valued at $28,000. Ascentis Independent Advisors acquired a new stake in Kinross Gold during the 1st quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd grew its position in shares of 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 buying an additional 589 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Kinross Gold during the 3rd quarter valued at $38,000. Finally, Manchester Capital Management LLC acquired a new position in Kinross Gold during the 4th quarter worth $40,000. 63.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KGC has been the subject of several research analyst reports. Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Zacks Research cut shares of Kinross Gold from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Scotiabank decreased their price target on Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings cut Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kinross Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.43.

Key Headlines Impacting Kinross Gold

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

• Positive Sentiment: Gold prices remain a key catalyst for Kinross, because higher bullion prices can improve realized revenue, margins and free cash flow for the gold producer. This keeps KGC in focus as investors assess the outlook for precious-metals prices. What Puts Kinross Gold in Focus as Gold Prices Move?
• Neutral Sentiment: Investors are also monitoring Kinross’s cost outlook. Production costs are especially important if gold prices retreat, as higher costs could compress margins; the latest coverage focuses on this key profitability signal. What Is the Key Cost Signal for Kinross Gold?
• Negative Sentiment: Zacks Research lowered EPS forecasts across multiple periods and maintained a “Strong Sell” rating. Estimates fell for Q3 2026 to $0.57 from $0.76, FY2026 to $2.63 from $2.79, FY2027 to $2.48 from $2.83 and FY2028 to $2.36 from $2.78. Forecasts for several 2027 quarters were also reduced. Although Q4 2026 EPS was raised modestly to $0.64 from $0.62, the broader revisions imply weaker expected earnings growth and may pressure the shares.

Kinross Gold Stock Performance

Shares of KGC opened at $32.78 on Monday. The stock has a market capitalization of $38.88 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.88 and a beta of 0.78. The business’s fifty day moving average price is $25.25 and its 200 day moving average price is $29.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 1.95. Kinross Gold Corporation has a 12-month low of $19.19 and a 12-month high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last released its earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.05. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.24 billion. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Equities research analysts forecast that Kinross Gold Corporation will post 2.61 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Kinross Gold’s payout ratio is 6.06%.

Kinross Gold Company 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.