1832 Asset Management L.P. Adds $149M in Kinross Gold Corporation ($KGC)

1832 Asset Management L.P. has significantly increased its position in Kinross Gold Corporation (NYSE:KGC), according to its latest Form 13F filing with the SEC. The firm added approximately 5.46 million shares, boosting its stake by 78.1% to a total of 12.45 million shares. This holding is valued at about $348.6 million as of the reporting period.

What Changed in 1832 Asset Management's Kinross Gold Position

1832 Asset Management's move to increase its stake in Kinross Gold by 78.1% reflects a substantial addition of 5.46 million shares. The firm's total holdings now stand at 12.45 million shares, up from 6.99 million previously. The reported value of this position is approximately $348.6 million.

Other Institutional Activity in Kinross Gold

Several other institutional investors also adjusted their positions in Kinross Gold. Van Eck Associates Corp increased its holdings by 3.34 million shares, ending with 105.23 million shares valued at about $3.21 billion. Meanwhile, Boston Partners reduced its stake by 3.22 million shares, holding 34.85 million shares worth around $1.11 billion. Vanguard Capital Management LLC established a new position with 33.34 million shares valued at approximately $1.02 billion. Royal Bank of Canada added 1.73 million shares, bringing its total to 32.09 million shares, valued at $979.43 million. Conversely, FIL LTD reduced its holdings by 1.55 million shares, now holding 27.60 million shares worth $843.77 million.

Kinross Gold Stock Snapshot

Shares of Kinross Gold (NYSE:KGC) are trading near $27.99. The company boasts a market capitalization of $33.42 billion and a P/E ratio of 11.61. Its forward P/E is 8.15, indicating potential future earnings growth. The stock has a beta of 1.348, reflecting its volatility relative to the market. Over the past year, Kinross Gold shares have ranged from a low of $14.71 to a high of $39.11. The stock's 50-day moving average is $30.06, and its 200-day moving average is $28.82.

Recent Earnings

Kinross Gold reported revenue of approximately $7.96 billion, with a revenue growth rate of 60.8%. The company's net margin stands at 35.99%, and its return on equity is 35.47%. Earnings per share (EPS) are reported at $2.41. The next earnings release is scheduled for July 29, 2026.

Dividend

Kinross Gold pays an annual dividend rate of $0.15, yielding 0.52%. The dividend payout ratio is a modest 5.74%, suggesting the company retains most of its earnings for growth and operations.

Analysts Set New Price Targets

On May 18, 2026, Freedom Broker upgraded Kinross Gold to a 'buy' with a price target of $38. UBS has maintained its 'buy' rating with a target of $37 as of March 27, 2026. Earlier, on March 12, 2026, RBC Capital also upgraded the stock to 'buy' with a target of $45. The consensus among analysts is a 'buy' rating, with an average target price of $40.91 based on 11 analyst opinions.

About Kinross Gold Corporation

Kinross Gold Corporation is a major player in the basic materials sector, focusing on gold. The company acquires, explores, and develops gold properties primarily in the United States, Brazil, Chile, Canada, and Mauritania. Beyond gold, Kinross also produces and sells silver and is involved in the reclamation of mining properties. Founded in 1993, Kinross is headquartered in Toronto, Canada, and led by CEO J. Paul Rollinson.

Bottom Line

1832 Asset Management's increased stake in Kinross Gold indicates confidence in the company's prospects. Investors often track such institutional moves for insights into potential stock performance. However, it's important to remember that 13F filings reflect past positions and may not indicate current holdings.