Man Group plc Invests $298.15 Million in Kinross Gold Corporation $KGC

Posted by Francis Steltz on Aug 26th, 2026

Man Group plc bought a new stake in shares of Kinross Gold Corporation (NYSE:KGC – Free Report) (TSE:K) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,621,448 shares of the mining company’s stock, valued at approximately $298,152,000. Man Group plc owned 1.06% of Kinross Gold at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Virtus Advisers LLC bought a new stake in Kinross Gold during the 3rd quarter valued at about $28,000. Ascentis Independent Advisors bought a new position in Kinross Gold in the 1st quarter worth about $29,000. Harvest Fund Management Co. Ltd increased 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 acquiring an additional 589 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Kinross Gold during the third quarter worth approximately $38,000. Finally, Manchester Capital Management LLC bought a new stake in shares of Kinross Gold during the fourth quarter valued at approximately $40,000. 63.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KGC. Royal Bank Of Canada lowered their price target on Kinross Gold from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Weiss Ratings lowered Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, July 31st. Jefferies Financial Group cut their price target on Kinross Gold from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Finally, UBS Group dropped their target price on shares of Kinross Gold from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kinross Gold has a consensus rating of “Moderate Buy” and a consensus target price of $38.43.

Read Our Latest Stock Analysis on Kinross Gold

Kinross Gold Stock Up 1.4%

Kinross Gold stock opened at $33.43 on Wednesday. The business has a fifty day moving average of $25.47 and a two-hundred day moving average of $29.10. The company has a quick ratio of 1.95, a current ratio of 2.89 and a debt-to-equity ratio of 0.08. The firm has a market cap of $39.66 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.89 and a beta of 0.78. Kinross Gold Corporation has a twelve month low of $19.77 and a twelve month high of $39.11.

Kinross Gold (NYSE:KGC – Get Free Report) (TSE:K) last announced its earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. On average, analysts forecast that Kinross Gold Corporation will post 2.61 earnings per share for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. Kinross Gold’s dividend payout ratio (DPR) is presently 6.06%.

About Kinross Gold

(Free Report)

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.