Winmill & CO. Inc. Boosts Stock Holdings in Kinross Gold Co. (NYSE:KGC)

Winmill & CO. Inc. lifted its holdings in shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) by 1,422.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 799,500 shares of the mining company’s stock after buying an additional 747,000 shares during the quarter. Kinross Gold comprises 2.4% of Winmill & CO. Inc.’s investment portfolio, making the stock its 20th biggest position. Winmill & CO. Inc.’s holdings in Kinross Gold were worth $7,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp increased its position in shares of Kinross Gold by 62.2% during the fourth quarter. Van ECK Associates Corp now owns 116,323,261 shares of the mining company’s stock valued at $1,078,330,000 after buying an additional 44,610,091 shares during the period. Vanguard Group Inc. increased its holdings in Kinross Gold by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 47,365,206 shares of the mining company’s stock worth $439,881,000 after acquiring an additional 763,248 shares during the period. Norges Bank bought a new stake in Kinross Gold during the 4th quarter worth approximately $280,697,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Kinross Gold by 10.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,665,537 shares of the mining company’s stock worth $136,028,000 after purchasing an additional 1,398,225 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Kinross Gold by 15.4% in the 4th quarter. JPMorgan Chase & Co. now owns 13,438,786 shares of the mining company’s stock valued at $124,578,000 after purchasing an additional 1,793,065 shares during the period. 63.69% of the stock is owned by institutional investors.

Kinross Gold Stock Down 6.7 %

Shares of NYSE:KGC opened at $11.84 on Monday. Kinross Gold Co. has a 12-month low of $6.20 and a 12-month high of $12.90. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $11.60 and its 200-day moving average price is $10.50. The stock has a market capitalization of $14.56 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.68 and a beta of 1.12.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its quarterly earnings data on Wednesday, February 12th. The mining company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, equities analysts anticipate that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold’s payout ratio is 15.58%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. CIBC boosted their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Raymond James raised their target price on shares of Kinross Gold from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday. StockNews.com raised shares of Kinross Gold from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Two analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinross Gold has an average rating of “Buy” and an average price target of $12.30.

Kinross Gold Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.