John Stephenson
Kinross Gold
KGC-N
TOP PICK
Jun 13, 2016
If you are going to own gold, now is the time. This is a name that has had a lot of problems in the past, and still trades at a bit of a discount to its larger cap peers, but feels that a re-rating is due. It is going to produce about 2.7 million ounces a year, so it is a decent size producer. Costs seem to be under control.
He doesn't own it but there is nothing wrong with it. They have low cost of production, leverage to price, and reserves on the ground. They recently increased their dividends. A great company with management that executes well. (Analysts’ price target is $10.00)
If you are going to own gold, now is the time. This is a name that has had a lot of problems in the past, and still trades at a bit of a discount to its larger cap peers, but feels that a re-rating is due. It is going to produce about 2.7 million ounces a year, so it is a decent size producer. Costs seem to be under control.