Kinross Gold slides as bullion weakens on rising yields and a stronger dollar

Kinross Gold Corporation (KGC) is down 8.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broad selloff across gold-linked equities after a sharp drop in gold prices, as higher U.S. Treasury yields and a stronger U.S. dollar reduced near-term appetite for non-yielding assets like bullion. With Kinross’ fundamentals recently reaffirmed, today’s move appears more macro/commodity-driven than company-specific.

Details:

Spot gold fell roughly 2% intraday and hit its lowest level in about a week, a backdrop that often pressures gold miners because their revenues are closely tied to realized gold prices.

Rising Treasury yields and a firmer U.S. dollar were highlighted as key factors weighing on bullion, which can ripple into outsized moves in mining shares due to operating leverage.

Kinross recently reported first-quarter 2026 results and indicated it remained on track to deliver 2026 annual guidance across production and cost metrics, suggesting no obvious negative company update drove the decline.

This could also reflect profit-taking after strong year-to-date performance in many gold-related assets, with investors rotating out as bullion momentum turned lower.

Sources:

Kinross Gold Corporation, MarketScreener, Energy News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$KGC Hedge Fund Activity

We have seen 312 institutional investors add shares of $KGC stock to their portfolio, and 310 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SCHRODER INVESTMENT MANAGEMENT GROUP added 10,528,365 shares (+415.8%) to their portfolio in Q1 2026, for an estimated $313,271,500
CIBC ASSET MANAGEMENT INC added 7,958,417 shares (+146.0%) to their portfolio in Q1 2026, for an estimated $236,802,697
AQR CAPITAL MANAGEMENT LLC added 6,590,380 shares (+4443.4%) to their portfolio in Q4 2025, for an estimated $185,585,100
NORGES BANK removed 6,465,696 shares (-26.0%) from their portfolio in Q4 2025, for an estimated $182,073,999
1832 ASSET MANAGEMENT L.P. added 5,463,058 shares (+78.1%) to their portfolio in Q1 2026, for an estimated $162,553,290
VAN ECK ASSOCIATES CORP added 3,345,430 shares (+3.3%) to their portfolio in Q1 2026, for an estimated $99,543,269
BOSTON PARTNERS removed 3,219,011 shares (-8.5%) from their portfolio in Q1 2026, for an estimated $95,781,672

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$KGC Analyst Ratings

Wall Street analysts have issued reports on $KGC in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 12/01/2025

To track analyst ratings and price targets for $KGC, check out Quiver Quantitative's $KGC forecast page.

$KGC Price Targets

Multiple analysts have issued price targets for $KGC recently. We have seen 4 analysts offer price targets for $KGC in the last 6 months, with a median target of $41.75.

Here are some recent targets:

Daniel Major from UBS set a target price of $37.0 on 03/27/2026
Josh Wolfson from RBC Capital set a target price of $45.0 on 03/12/2026
Tanya Jakusconek from Scotiabank set a target price of $45.0 on 01/26/2026
Anita Soni from CIBC set a target price of $38.5 on 01/16/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.