Gabelli Funds LLC Cuts Stake in Kinross Gold Corporation $KGC

Posted by Brian Himes on May 18th, 2026

Gabelli Funds LLC reduced its position in Kinross Gold Corporation (NYSE:KGC – Free Report) (TSE:K) by 22.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,953,700 shares of the mining company’s stock after selling 843,800 shares during the period. Gabelli Funds LLC’s holdings in Kinross Gold were worth $83,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Kinross Gold in the fourth quarter worth $26,000. Financial Management Professionals Inc. acquired a new stake in shares of Kinross Gold during the fourth quarter worth $26,000. Caitlin John LLC acquired a new stake in shares of Kinross Gold during the third quarter worth $26,000. Virtus Advisers LLC acquired a new stake in shares of Kinross Gold during the third quarter worth $28,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in shares of Kinross Gold during the third quarter worth $29,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Kinross Gold Price Performance

NYSE:KGC opened at $28.40 on Monday. Kinross Gold Corporation has a one year low of $13.34 and a one year high of $39.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 2.84. The firm has a market cap of $33.87 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.02 and a beta of 0.73. The firm’s fifty day moving average is $31.23 and its two-hundred day moving average is $30.49.

Kinross Gold (NYSE:KGC – Get Free Report) (TSE:K) last posted its quarterly earnings results on Wednesday, April 29th. The mining company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.68 by $0.03. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The firm’s revenue was up 60.8% on a year-over-year basis. Research analysts expect that Kinross Gold Corporation will post 2.92 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, May 21st. Kinross Gold’s dividend payout ratio is presently 6.78%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group lowered their price objective on shares of Kinross Gold from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Zacks Research downgraded shares of Kinross Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings downgraded shares of Kinross Gold from a “buy (a+)” rating to a “buy (a-)” rating in a research note on Friday, May 1st. Finally, TD Securities lowered their price objective on shares of 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 analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Kinross Gold presently has an average rating of “Moderate Buy” and a consensus price target of $38.81.

View Our Latest Stock Analysis on Kinross Gold

Kinross Gold News Summary

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

Positive Sentiment: Analysts are raising earnings estimates across several future periods, reflecting better profit expectations for Kinross Gold. Article Title
Positive Sentiment: Strong cash flow, project growth, and a solid balance sheet may help cushion the stock during periods of softer gold prices. Article Title
Neutral Sentiment: Zacks Research maintained a Hold rating while lifting forecasts, which supports the outlook but does not amount to a bullish upgrade.
Neutral Sentiment: The stock’s long-term performance has been very strong, but recent volatility has made valuation and timing questions more important for investors. Article Title
Negative Sentiment: Weakness in gold prices and a break below the 50-day SMA are weighing on near-term trading sentiment for Kinross Gold.

Kinross Gold Company Profile

(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.