KINROSS GOLD CORP
In the published model solve dated 2026-Q2, anchored at $25.70, KINROSS GOLD CORP (KGC) is priced for -3.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
At $26.66 the market pays roughly 10x company-wide operating income for Kinross, a multiple that sits below what even a 5% per year decline in operating profit would justify, despite a gold price near record highs and rising production. Q1 2026 produced 493,000 ounces and a fourth consecutive quarter of record free cash flow, about $840 million, with the company on track for 2 million ounces in 2026 at all-in sustaining cost guidance near $1,730 per ounce. The balance sheet flipped to net cash
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637 institutional managers reported holding KGC in 13F filings for the quarter ended 2026-03-31. Together they hold about 58% of the company; the top 10 hold 27%. 97 opened new positions that quarter. Held by Vanguard Group, Renaissance Technologies, Geode Capital, among others. On the short side, 20.3M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
KGC has cut its share count 3.1% over the past five years. It pays a dividend, and has for 6 years running. Cash returned over the past three years: $446.90M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.