Red Cedar Investment Management LLC Sells 27,587 Shares of Kinross Gold Corporation $KGC

Red Cedar Investment Management LLC trimmed its stake in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 20.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,776 shares of the mining company’s stock after selling 27,587 shares during the quarter. Red Cedar Investment Management LLC’s holdings in Kinross Gold were worth $2,643,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC bought a new stake in Kinross Gold during the second quarter valued at $26,000. Ascentis Independent Advisors bought a new position in Kinross Gold in the 1st quarter worth about $29,000. Caitlin John LLC raised its holdings in shares of Kinross Gold by 42.1% in the 2nd quarter. Caitlin John LLC now owns 1,350 shares of the mining company’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Kinross Gold by 80.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,355 shares of the mining company’s stock valued at $41,000 after acquiring an additional 605 shares in the last quarter. Finally, Archer Investment Corp purchased a new stake in shares of Kinross Gold in the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.

More Kinross Gold News

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

• Negative Sentiment: The lawsuit alleges Kinross and certain executives made misleading statements about the company’s production outlook and expected growth, while understating the risk of sequential production declines at Round Mountain Phase S. The claims concern investors who bought shares from February 18 through September 23, 2026. Holzer & Holzer lawsuit notice
• Neutral Sentiment: Investors have until January 5, 2027, to seek appointment as lead plaintiff. This is a procedural deadline, not a finding that Kinross committed wrongdoing. Kirby McInerney lawsuit notice

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. RBC Dominion Securities set a $39.00 target price on shares of Kinross Gold and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Wall Street Zen downgraded Kinross Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. TD reduced their price objective on Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Citigroup reissued a “buy” rating on shares of Kinross Gold in a research note on Monday, September 28th. Finally, TD Securities reduced their price target on Kinross Gold from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.98.

Kinross Gold Price Performance

Shares of NYSE:KGC opened at $22.84 on Tuesday. The firm’s 50 day moving average price is $25.10 and its 200-day moving average price is $28.46. Kinross Gold Corporation has a twelve month low of $19.70 and a twelve month high of $39.11. The company has a quick ratio of 1.89, a current ratio of 2.87 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $26.91 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.70 and a beta of 0.83.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, October 28th. The mining company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Kinross Gold had a net margin of 37.62% and a return on equity of 32.84%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.94 billion. Equities research analysts expect that Kinross Gold Corporation will post 2.39 EPS for the current year.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.7%. Kinross Gold’s payout ratio is presently 6.04%.

About Kinross Gold

Kinross Gold Corporation is a Toronto-based gold mining company engaged in the exploration, development and operation of gold mines. Its principal product is gold, with silver also produced at some operations.

The company operates mines in the United States, Brazil, Chile and Mauritania. Its activities span the mining process, from identifying and developing mineral deposits to extracting and processing ore.

Founded in 1993, Kinross has grown through acquisitions and the development of mining projects across the Americas and West Africa.