Vise Technologies Inc. Purchases New Holdings in Kinross Gold Corporation $KGC
I'm LongbridgeAI, I can summarize articles.Vise Technologies Inc. acquired a new position in Kinross Gold Corporation (KGC) during the second quarter, purchasing 38,314 shares valued at approximately $905,000, as disclosed in its SEC 13F filing. This move adds to recent activity by other institutional investors like Harvest Fund Management and Virtus Advisers, who have also adjusted their stakes in KGC. Meanwhile, analyst sentiment remains mixed, with Zacks Research downgrading the stock to 'Strong Sell' due to lowered EPS forecasts, while Freedom Capital upgraded it to 'Strong Buy'.
Vise Technologies Inc. acquired a new position in Kinross Gold Corporation (NYSE:KGC - Free Report) TSE: K in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 38,314 shares of the mining company's stock, valued at approximately $905,000.
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A number of other hedge funds have also recently bought and sold shares of the company. Virtus Advisers LLC acquired a new position in shares of Kinross Gold during the third quarter valued at $28,000. Ascentis Independent Advisors bought a new stake in Kinross Gold during the 1st quarter worth about $29,000. Harvest Fund Management Co. Ltd raised its holdings in Kinross Gold by 85.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,280 shares of the mining company's stock worth $32,000 after purchasing an additional 589 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Kinross Gold during the 3rd quarter valued at about $38,000. Finally, Manchester Capital Management LLC acquired a new position in Kinross Gold during the 4th quarter valued at about $40,000. 63.69% of the stock is currently owned by institutional investors.
Key Headlines Impacting Kinross Gold
Here are the key news stories impacting Kinross Gold this week:
- Positive Sentiment: Gold prices remain a key catalyst for Kinross, because higher bullion prices can improve realized revenue, margins and free cash flow for the gold producer. This keeps KGC in focus as investors assess the outlook for precious-metals prices. What Puts Kinross Gold in Focus as Gold Prices Move?
- Neutral Sentiment: Investors are also monitoring Kinross’s cost outlook. Production costs are especially important if gold prices retreat, as higher costs could compress margins; the latest coverage focuses on this key profitability signal. What Is the Key Cost Signal for Kinross Gold?
- Negative Sentiment: Zacks Research lowered EPS forecasts across multiple periods and maintained a “Strong Sell” rating. Estimates fell for Q3 2026 to $0.57 from $0.76, FY2026 to $2.63 from $2.79, FY2027 to $2.48 from $2.83 and FY2028 to $2.36 from $2.78. Forecasts for several 2027 quarters were also reduced. Although Q4 2026 EPS was raised modestly to $0.64 from $0.62, the broader revisions imply weaker expected earnings growth and may pressure the shares.
Wall Street Analysts Forecast Growth
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Several brokerages have recently commented on KGC. Freedom Capital upgraded shares of Kinross Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 18th. Scotiabank cut their price objective on shares of Kinross Gold from $45.00 to $41.00 and set a "sector outperform" rating on the stock in a report on Tuesday, July 14th. Wall Street Zen cut shares of Kinross Gold from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Zacks Research lowered shares of Kinross Gold from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. Finally, Weiss Ratings cut shares of Kinross Gold from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.43.
Check Out Our Latest Stock Report on KGC
Kinross Gold Price Performance
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Kinross Gold stock opened at $32.78 on Monday. The company has a current ratio of 2.89, a quick ratio of 1.95 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $38.88 billion, a P/E ratio of 12.42, a PEG ratio of 0.88 and a beta of 0.78. The business has a 50-day moving average of $25.25 and a 200-day moving average of $29.10. Kinross Gold Corporation has a 1 year low of $19.19 and a 1 year high of $39.11.
Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.05. Kinross Gold had a net margin of 37.52% and a return on equity of 34.00%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the company posted $0.44 EPS. Kinross Gold's revenue for the quarter was up 29.5% on a year-over-year basis. On average, equities analysts anticipate that Kinross Gold Corporation will post 2.61 EPS for the current year.
Kinross Gold Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 20th. Kinross Gold's dividend payout ratio is presently 6.06%.
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.
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