Kinross Gold (NYSE:KGC – Get Free Report) (TSE:K) announced its quarterly earnings data on Wednesday. The mining company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05, Zacks reports. Kinross Gold had a return on equity of 32.47% and a net margin of 35.99%.During the same quarter in the prior year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up 29.5% on a year-over-year basis.
Kinross Gold Price Performance
NYSE:KGC traded down $0.28 during trading hours on Wednesday, hitting $23.23. The company’s stock had a trading volume of 8,951,105 shares, compared to its average volume of 6,922,769. The business’s 50-day moving average is $25.46 and its two-hundred day moving average is $30.03. The company has a market capitalization of $27.55 billion, a PE ratio of 9.84, a PEG ratio of 0.63 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.83 and a current ratio of 2.84. Kinross Gold has a 52-week low of $15.37 and a 52-week high of $39.11.
Institutional Investors Weigh In On Kinross Gold
A number of hedge funds and other institutional investors have recently modified their holdings of KGC. AQR Capital Management LLC lifted its stake in Kinross Gold by 4,443.4% in the 4th quarter. AQR Capital Management LLC now owns 6,738,699 shares of the mining company’s stock valued at $189,808,000 after buying an additional 6,590,380 shares in the last quarter. Man Group plc increased its position in Kinross Gold by 47.8% during the second quarter. Man Group plc now owns 16,739,969 shares of the mining company’s stock worth $261,646,000 after buying an additional 5,411,491 shares in the last quarter. Bank of America Corp DE increased its position in Kinross Gold by 81.2% during the second quarter. Bank of America Corp DE now owns 8,073,665 shares of the mining company’s stock worth $126,191,000 after buying an additional 3,617,320 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Kinross Gold during the 3rd quarter worth about $74,996,000. Finally, Mackenzie Financial Corp increased its position in Kinross Gold by 24.8% during the 4th quarter. Mackenzie Financial Corp now owns 14,609,847 shares of the mining company’s stock worth $417,090,000 after purchasing an additional 2,898,609 shares in the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.
Kinross Gold News Roundup
- Positive Sentiment: Earnings beat expectations: Kinross reported adjusted earnings of $0.71 per share, above the $0.66 consensus estimate and up from $0.44 a year earlier. Revenue increased 29.5% year over year, although it came in slightly below estimates. Kinross Gold Q2 Earnings Surpass Estimates
- Positive Sentiment: Strong cash generation and margins: Disciplined cost management helped produce more than $725 million in free cash flow. Kinross said it has returned approximately 40% of free cash flow to shareholders, totaling more than $600 million year to date, supporting the investment case and financial flexibility. Kinross Reports Strong 2026 Second-Quarter Results
- Positive Sentiment: Shareholder return continues: The board declared a quarterly dividend of US$0.04 per share, payable September 3 to shareholders of record August 20. The dividend signals continued confidence in Kinross’s cash-generation capacity. Kinross Declares Quarterly Dividend
- Positive Sentiment: Lobo-Marte adds long-term growth potential: The project is expected to produce approximately 350,000 ounces annually, with estimated all-in sustaining costs of about $1,000 per ounce and a projected net present value of $4.3 billion. Permitting, engineering and execution planning are progressing on schedule. Kinross Provides Update on Lobo-Marte Project
- Neutral Sentiment: Key risks remain: Lobo-Marte’s production, cost and valuation estimates are forward-looking and depend on successful permitting, development and execution. The slight revenue miss may also temper the earnings beat, while future results remain exposed to gold prices and operating costs.
Analyst Ratings Changes
Several brokerages have issued reports on KGC. Zacks Research lowered Kinross Gold from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Scotiabank reduced their target price on Kinross Gold from $45.00 to $41.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Weiss Ratings cut Kinross Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen downgraded Kinross Gold from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 24th. Finally, 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 report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.31.
View Our Latest Stock Analysis on Kinross Gold
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.
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