Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Kinross Gold Corporation (NYSE: KGC)
Kinross Gold is a Canada-based senior gold producer, producing roughly 2.5 million gold equivalent ounces in 2019. The company had 24.3 million ounces of proven and probable gold reserves and 55.7 million ounces of silver reserves at the end of 2019. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.
A quick look at the price chart below for Kinross Gold shows us that the stock is up 66% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 9.82, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Kinross Gold include:
Jim Simons – 44,660,331 shares
Ken Griffin – 4,195,210 shares
Jean-Marie Eveillard – 2,275,478 shares
Jim O’Shaughnessy – 1,062,297 shares
Israel Englander – 601,016 shares
Lee Ainslie – 32,679 shares
Joel Greenblatt – 19,762 shares
Cliff Asness – 18,852 shares
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