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 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. 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 down 34% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 6.56, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Kinross Gold include:
(Shares)
Jim Simons – 31,227,274
Donald Smith – 6,099,202
Ken Griffin – 2,754,564
Jean-Marie Eveillard – 2,322,918
Israel Englander – 1,140,890
Mario Gabelli – 363,295
Jim O’Shaughnessy – 344,444
Ray Dalio – 311,232
Joel Greenblatt – 188,247
Cliff Asness – 21,441
Ken Fisher – 20,000
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