Winmill & CO. Inc. Purchases 16,000 Shares of Kinross Gold Corporation $KGC

Winmill & CO. Inc. lifted its position in shares of Kinross Gold Corporation (NYSE:KGC) (TSE:K) by 2.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 815,500 shares of the mining company’s stock after acquiring an additional 16,000 shares during the quarter. Kinross Gold makes up approximately 3.5% of Winmill & CO. Inc.’s portfolio, making the stock its 12th biggest position. Winmill & CO. Inc.’s holdings in Kinross Gold were worth $12,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in shares of Kinross Gold by 95.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,949,976 shares of the mining company’s stock worth $87,639,000 after buying an additional 3,398,687 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of Kinross Gold by 21.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 322,862 shares of the mining company’s stock worth $4,076,000 after buying an additional 57,966 shares in the last quarter. Sprott Inc. boosted its position in Kinross Gold by 1.7% during the first quarter. Sprott Inc. now owns 2,932,567 shares of the mining company’s stock valued at $36,976,000 after purchasing an additional 48,905 shares in the last quarter. Bayforest Capital Ltd boosted its position in Kinross Gold by 30.2% during the second quarter. Bayforest Capital Ltd now owns 55,218 shares of the mining company’s stock valued at $863,000 after purchasing an additional 12,821 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Kinross Gold by 264.7% during the first quarter. Bessemer Group Inc. now owns 155,422 shares of the mining company’s stock valued at $1,960,000 after purchasing an additional 112,800 shares in the last quarter. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Price Performance

Shares of NYSE KGC opened at $23.95 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.45 and a current ratio of 2.84. The company has a market cap of $28.97 billion, a PE ratio of 19.31, a P/E/G ratio of 0.47 and a beta of 0.64. The business has a 50-day simple moving average of $23.07 and a two-hundred day simple moving average of $18.13. Kinross Gold Corporation has a fifty-two week low of $8.99 and a fifty-two week high of $27.84.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, July 30th. The mining company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.11. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.52 billion. Kinross Gold had a return on equity of 20.04% and a net margin of 25.18%.The company’s quarterly revenue was up 41.7% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. As a group, equities analysts expect that Kinross Gold Corporation will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 21st. Kinross Gold’s dividend payout ratio (DPR) is currently 9.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Scotiabank reaffirmed an “outperform” rating on shares of Kinross Gold in a research report on Thursday. Raymond James Financial raised their price objective on Kinross Gold from $20.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 10th. Zacks Research raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. TD Securities raised their price objective on Kinross Gold from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, UBS Group raised their price objective on Kinross Gold from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Four investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $27.56.

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.