Winmill & CO. Inc. Acquires 747,000 Shares of Kinross Gold Co. (NYSE:KGC)

Winmill & CO. Inc. grew its holdings in Kinross Gold Co. (NYSE:KGC) (TSE:K) by 1,422.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 799,500 shares of the mining company’s stock after purchasing an additional 747,000 shares during the period. Kinross Gold makes up about 2.4% of Winmill & CO. Inc.’s portfolio, making the stock its 20th biggest position. Winmill & CO. Inc. owned about 0.07% of Kinross Gold worth $7,411,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of Kinross Gold by 109.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company’s stock valued at $25,000 after acquiring an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company’s stock worth $40,000 after buying an additional 1,002 shares during the period. SBI Securities Co. Ltd. acquired a new position in Kinross Gold in the 4th quarter valued at approximately $42,000. Global Retirement Partners LLC raised its stake in shares of Kinross Gold by 747.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company’s stock valued at $50,000 after acquiring an additional 4,788 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company’s stock worth $67,000 after purchasing an additional 5,140 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Kinross Gold Stock Performance

KGC stock opened at $11.84 on Monday. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18. The firm has a market cap of $14.56 billion, a PE ratio of 15.37, a P/E/G ratio of 0.68 and a beta of 1.12. The business has a 50 day moving average of $11.60 and a 200-day moving average of $10.50. Kinross Gold Co. has a 12-month low of $6.20 and a 12-month high of $12.90.

Kinross Gold (NYSE:KGC) (TSE:K) last announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Kinross Gold Co. will post 0.81 earnings per share for the current year.

Kinross Gold Announces Dividend

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

Analyst Ratings Changes

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