Ninety One UK 13F: Adds $142M to Kinross Gold (KGC) Stake

Ninety One UK significantly grew its position in Kinross Gold Corporation (NYSE: KGC), adding millions of shares to its portfolio according to a Form 13F filing with the SEC on October 15, 2026. Keep in mind that 13F filings are backward-looking; they show holdings as of the end of the reporting quarter and may not represent the fund's current position.

What Changed in Ninety One UK's Kinross Gold Position

Ninety One UK bought 5,872,044 more shares of Kinross Gold during the quarter, marking a 214.1% increase from its previous holding of 2,742,065 shares. The fund ended the period with 8,614,109 shares worth about $207.99 million.

Other Institutional Activity in Kinross Gold

Other large money managers also adjusted their stakes in Kinross Gold around the same time. Van Eck Associates Corporation reduced its holdings by 50,372,871 shares, ending with 54,855,608 shares worth about $1,317,631,729. Boston Partners grew its holdings by 1,188,392 shares, ending with 36,038,587 shares worth about $865,646,876. Vanguard Capital Management LLC grew its holdings by 16,671 shares, ending with 33,359,590 shares worth about $801,297,367. Royal Bank of Canada grew its holdings by 888,972 shares, ending with 32,981,828 shares worth about $792,223,523. Arrowstreet Capital, Limited Partnership grew its holdings by 14,757,590 shares, ending with 29,515,179 shares worth about $708,954,613.

Kinross Gold Corporation Stock Up 7.2%

Kinross Gold shares recently traded around $23.85 as of October 16, 2026. The stock sits below its 50-day moving average of $27.56 and its 200-day moving average of $29.24. It trades below its 52-week high of $39.11 while holding above its 52-week low of $21.90. The company has a market capitalization of roughly $28.29 billion and trades at a price-to-earnings ratio of 9.07.

Recent Earnings

Kinross Gold reported trailing twelve-month revenue of $8.47 billion and earnings of $2.63 per share. The company posted a net profit margin of 37.5% and a return on equity of 37.0%. The company's next earnings report is scheduled for October 28, 2026.

Dividend

Kinross Gold pays an annual dividend with a current yield of 0.67% and a payout ratio of 5.5%.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on the stock ahead of the filing. On July 14, 2026, Scotiabank maintained its sector outperform rating with a target cut from $45.00 to $41.00. On September 24, 2026, TD Securities maintained a buy rating with a target cut from $40.00 to $35.00. On September 24, 2026, Scotiabank maintained its sector outperform rating with a target cut from $41.00 to $39.00. On September 25, 2026, CIBC maintained its outperformer rating with a target cut from $54.00 to $50.00. On October 8, 2026, UBS maintained a buy rating with a target cut from $30.00 to $28.00. The stock currently holds a consensus buy rating with a mean price target of $32.81 based on 10 analyst opinions.

About Kinross Gold Corporation

Kinross Gold Corporation engages in finding, acquiring, and developing gold properties across the Americas and Africa. The company extracts and processes gold ores and produces silver from its mining operations. Institutional moves like Ninety One UK's share increase show how major asset managers position themselves within the basic materials sector ahead of upcoming financial results.

Bottom Line

Investors will want to keep an eye on the upcoming earnings report on October 28, 2026, for further clues on production costs and cash flow. Because 13F reports look backward, watching subsequent regulatory filings will also help confirm whether major holders keep adding to their positions.