654,592 Shares of Kinross Gold Corporation $KGC Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA acquired a new stake in Kinross Gold Corporation (NYSE:KGC) (TSE:K) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 654,592 shares of the mining company’s stock, valued at approximately $15,814,000. Pictet Asset Management Holding SA owned about 0.06% of Kinross Gold as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KGC. Renaissance Technologies LLC grew its holdings in shares of Kinross Gold by 2.3% in the first quarter. Renaissance Technologies LLC now owns 25,546,413 shares of the mining company’s stock valued at $779,677,000 after acquiring an additional 571,100 shares in the last quarter. Man Group plc purchased a new stake in shares of Kinross Gold during the second quarter valued at approximately $298,152,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Kinross Gold during the second quarter valued at approximately $264,652,000. Bank of America Corp DE lifted its holdings in Kinross Gold by 11.4% during the second quarter. Bank of America Corp DE now owns 10,822,887 shares of the mining company’s stock worth $255,637,000 after acquiring an additional 1,106,837 shares during the period. Finally, Legal & General Group Plc bought a new stake in Kinross Gold during the second quarter worth $244,762,000. Institutional investors own 63.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on KGC shares. UBS Group cut their price objective on Kinross Gold from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Zacks Research raised Kinross Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. TD decreased their target price on Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Canaccord Genuity Group lowered their target price on Kinross Gold from $52.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Finally, Scotiabank cut their price target on shares of Kinross Gold from $41.00 to $39.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.98.

Kinross Gold Stock Performance

NYSE:KGC opened at $20.72 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.87 and a quick ratio of 1.89. The business has a fifty day simple moving average of $24.57 and a two-hundred day simple moving average of $28.22. Kinross Gold Corporation has a 1 year low of $19.70 and a 1 year high of $39.11. The company has a market capitalization of $24.31 billion, a P/E ratio of 8.29, a P/E/G ratio of 0.70 and a beta of 0.83.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its earnings results on Wednesday, October 28th. The mining company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Kinross Gold had a return on equity of 32.84% and a net margin of 37.62%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, analysts expect that Kinross Gold Corporation will post 2.40 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.16 annualized dividend and a yield of 0.8%. Kinross Gold’s dividend payout ratio (DPR) is 6.04%.

More Kinross Gold News

These are some of the KGC news items that stood out recently:

• Positive Sentiment: Unusually high call-option activity was reported Wednesday: investors bought 23,674 KGC calls, about 236% above typical volume. This may indicate bullish positioning, though options activity alone does not confirm a change in fundamentals. Options activity report
• Negative Sentiment: Several law firms publicized a securities class action covering investors who bought Kinross shares from February 18 through September 23, 2026; the lead-plaintiff deadline is January 5, 2027. The complaint alleges Kinross and executives misrepresented or reaffirmed production guidance, including claims that the company lacked resources to meet it. These are allegations, not established findings, but the litigation could add reputational and legal uncertainty. Class action notice
• Negative Sentiment: The notices point to a September 23 disclosure and an 11.5% share-price decline, while one report says Kinross trimmed production guidance after ongoing concerns about recoveries at Round Mountain. Lower expected production can weigh on revenue and investor confidence, helping explain the recent pressure on KGC shares. Shareholder alert and analyst commentary

Kinross Gold Company 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.