Winmill & CO. Inc. Has $7.41 Million Position in Kinross Gold Co. (NYSE:KGC)

Winmill & CO. Inc. grew its position in shares of Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 1,422.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 799,500 shares of the mining company's stock after acquiring an additional 747,000 shares during the quarter. Kinross Gold accounts for 2.4% of Winmill & CO. Inc.'s holdings, making the stock its 20th biggest position. Winmill & CO. Inc. owned approximately 0.07% of Kinross Gold worth $7,411,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in shares of Kinross Gold by 183.0% during the 4th quarter. Russell Investments Group Ltd. now owns 2,342,959 shares of the mining company's stock worth $21,721,000 after purchasing an additional 1,514,970 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Kinross Gold by 241.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,706,637 shares of the mining company's stock valued at $15,821,000 after buying an additional 1,206,251 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Kinross Gold by 28.8% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 260,452 shares of the mining company's stock valued at $2,415,000 after buying an additional 58,243 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Kinross Gold by 5.9% during the 4th quarter. Wells Fargo & Company MN now owns 529,328 shares of the mining company's stock worth $4,907,000 after acquiring an additional 29,677 shares during the period. Finally, Prudential PLC acquired a new position in shares of Kinross Gold during the 4th quarter worth approximately $270,000. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Raymond James lifted their price objective on shares of Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 4th. StockNews.com upgraded shares of Kinross Gold from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 4th. CIBC raised 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 report on Wednesday, March 19th. Finally, National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Kinross Gold presently has an average rating of "Buy" and an average price target of $12.30.

Kinross Gold Price Performance

Shares of KGC traded up $0.64 during trading hours on Friday, hitting $14.33. 24,165,801 shares of the company were exchanged, compared to its average volume of 17,768,360. The company has a market cap of $17.64 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 0.68 and a beta of 1.12. The firm's fifty day moving average is $11.83 and its 200 day moving average is $10.65. Kinross Gold Co. has a fifty-two week low of $6.20 and a fifty-two week high of $14.60. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

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

Kinross Gold Dividend Announcement

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 dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.12 annualized dividend and a yield of 0.84%. Kinross Gold's dividend payout ratio is currently 15.58%.

Kinross Gold Company 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.