Legacy Capital Group California Inc. Makes New Investment in Kinross Gold Corporation $KGC

Legacy Capital Group California Inc. purchased a new position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,580 shares of the mining company’s stock, valued at approximately $467,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Kinross Gold during the 4th quarter worth approximately $26,000. Financial Management Professionals Inc. bought a new position in shares of Kinross Gold during the 4th quarter worth approximately $26,000. Caitlin John LLC acquired a new position in shares of Kinross Gold during the third quarter worth approximately $26,000. Virtus Advisers LLC acquired a new position in shares of Kinross Gold during the third quarter worth approximately $28,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in shares of Kinross Gold during the third quarter worth approximately $29,000. 63.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Kinross Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Royal Bank Of Canada raised Kinross Gold from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $36.00 to $45.00 in a research report on Thursday, March 12th. Scotiabank upped their target price on Kinross Gold from $32.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Kinross Gold in a research report on Wednesday, January 28th. Finally, UBS Group lowered their target price on Kinross Gold from $43.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.81.

Trending Headlines about Kinross Gold

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

• Positive Sentiment: Analysts expect Kinross to report earnings growth and the company is seen as likely to beat next week’s consensus — a near‑term catalyst that can support the share price. Kinross Gold (KGC) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Street coverage is favorable: the stock has been given an average analyst rating of “Moderate Buy,” which supports investor confidence. Kinross Gold Corporation (NYSE:KGC) Given Average Rating of “Moderate Buy” by Analysts
• Positive Sentiment: Broader investor interest in gold stocks is lifting demand for leaders like Kinross; it was featured on a recent “best gold stocks” list, which can attract longer‑term inflows. 10 Best Gold Stocks to Buy for the Long Term
• Positive Sentiment: Analyst comparisons highlight improving fundamentals (higher production, stronger cash flow, lower debt) versus peers, reinforcing Kinross’s investment case if metals prices remain firm. AEM vs. KGC: Which Gold Miner Deserves a Spot in Your Portfolio?
• Neutral Sentiment: Valuation and momentum checks note a huge one‑year return (125%+) and strong multi‑year gains; that performance keeps the stock on investors’ radars but complicates entry timing. Kinross Gold (TSX:K) Valuation Check After Robust Three Year Return And Recent Share Price Moves
• Neutral Sentiment: Sector headlines and competitor earnings (Agnico Eagle) matter for relative performance and sentiment but are not company‑specific catalysts. Agnico Eagle Mines (AEM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Some investors are questioning whether the recent rally has priced in most upside, prompting short‑term pullbacks and profit‑taking as momentum cools over 90 days. Is It Too Late To Consider Kinross Gold (TSX:K) After A 125% One-Year Surge?

Kinross Gold Trading Down 1.5%

NYSE KGC opened at $32.09 on Friday. The firm has a market capitalization of $38.31 billion, a P/E ratio of 16.37, a PEG ratio of 1.55 and a beta of 0.82. The business has a fifty day simple moving average of $32.40 and a 200 day simple moving average of $29.84. Kinross Gold Corporation has a 12 month low of $13.28 and a 12 month high of $39.11. The company has a current ratio of 2.35, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Kinross Gold (NYSE:KGC) (TSE:K) last released its quarterly earnings results on Wednesday, February 18th. The mining company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.12. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.05 billion. Kinross Gold had a return on equity of 28.22% and a net margin of 33.90%.Kinross Gold’s quarterly revenue was up 42.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. On average, analysts predict that Kinross Gold Corporation will post 2.77 EPS for the current fiscal year.

Kinross Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 11th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, March 11th. This is an increase from Kinross Gold’s previous quarterly dividend of $0.04. Kinross Gold’s payout ratio is currently 8.16%.

About Kinross Gold

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.