Canoe Financial LP Reduces Position in Kinross Gold Corporation $KGC

Posted by Stanley Muller on Jun 29th, 2026

Canoe Financial LP trimmed its position in Kinross Gold Corporation (NYSE:KGC – Free Report) (TSE:K) by 14.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,186 shares of the mining company’s stock after selling 23,573 shares during the period. Canoe Financial LP’s holdings in Kinross Gold were worth $4,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new position in shares of Kinross Gold in the third quarter worth about $26,000. V Square Quantitative Management LLC purchased a new stake in Kinross Gold in the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. purchased a new stake in Kinross Gold in the fourth quarter valued at approximately $26,000. Virtus Advisers LLC acquired a new position in Kinross Gold in the 3rd quarter worth approximately $28,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Kinross Gold by 85.2% in the 3rd 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 during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank Of Canada upgraded shares of Kinross Gold from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $36.00 to $45.00 in a research note on Thursday, March 12th. TD Securities cut their price objective on shares of Kinross Gold from $43.00 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. UBS Group reduced their target price on shares of Kinross Gold from $43.00 to $37.00 and set a “buy” rating for the company in a report on Friday, March 27th. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.81.

Check Out Our Latest Analysis on Kinross Gold

Kinross Gold Stock Performance

NYSE:KGC opened at $24.25 on Monday. 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 company has a fifty day moving average of $28.88 and a two-hundred day moving average of $30.84. The stock has a market capitalization of $28.83 billion, a PE ratio of 10.28, a P/E/G ratio of 0.86 and a beta of 0.71. Kinross Gold Corporation has a fifty-two week low of $14.71 and a fifty-two week high of $39.11.

Kinross Gold (NYSE:KGC – Get Free Report) (TSE:K) last announced its earnings results on Wednesday, April 29th. The mining company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.03. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. Kinross Gold had a net margin of 35.99% and a return on equity of 32.47%. The company’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. As a group, research analysts forecast that Kinross Gold Corporation will post 2.91 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a yield of 0.7%. Kinross Gold’s dividend payout ratio (DPR) is currently 6.78%.

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.