5 Gold Stocks that Pay Dividends

4. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 31   

Dividend Yield as of May 12: 2.78%     

Kinross Gold Corporation (NYSE:KGC) acquires, explores, and develops gold properties. The company recently posted earnings for the first quarter of 2022, reporting earnings per share of $0.06 and a revenue of $768 million. The stock has also gained recently on the back of reports that Barrick Gold, another gold giant, is interested in buying out the company. Kinross has been divesting Russian assets in the wake of the Ukraine invasion and has recently cut production guidance for 2022 to reflect these developments. 

On April 27, investment advisory Stifel maintained a Buy rating on Kinross Gold Corporation (NYSE:KGC) stock but lowered the price target to C$11.5 from C$14. Analyst Ingrid Rico issued the ratings update. 

At the end of the fourth quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $365 million in Kinross Gold Corporation (NYSE:KGC), up from 27 in the previous quarter worth $321 million.