Barrick Gold? He prefers Kirkland Lake and Agnico Eagle among the big producers, because they have better leverage and are streamlined. He always puts Barrick and Kinross in the same category. Kinross buys assets at low prices, but he'd rather buy the companies they buy than Kinross itself. (The one positive with Barrick is Warren Buffet coming on board; big-value investors will buy Barrick and won't bother researching the mid-tiered players.) That said, he expects a better-levered move from KL and AE.
Bullish on gold. This one will give you exposure to the miners. He's always looked for the best operators, like KL with its clean balance sheet. Watch the USD. If it continues to rally, you'll get a much better opportunity to buy.
The earnings were good. He just doesn't like these big companies. He has done better with the other producers. He would go with Agnico that presents a better value. (Analysts’ price target is $9.25)
It is on his stock watch list. They are having difficulties in Africa. It is one of the favourite gold companies he does not own.
This came under new management 6 years ago, the new manager has been hitting his targets pretty well. The main mine back then was in Russia and Gallender was concerned about the political risk. Their sustaining cost is low. Then the company paid way too much for another mine. It is now producing and he has started watching it again. It has a debt load of about 1.5 times revenue, which is not terrible for a mining company but is a concern.
It’s been coming down but he is not ready to buy yet. They have a high debt load but not much of it payable until 2021. It has a lot of upside. They do a lot of business in Russia. So far they have dodged the bullet on sanctions but there is risk.
Kinross Gold is a Canadian stock, trading under the symbol K-T on the Toronto Stock Exchange (K-CT). It is usually referred to as TSX:K or K-T
In the last year, 2 stock analysts published opinions about K-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Kinross Gold.
Kinross Gold was recommended as a Top Pick by on . Read the latest stock experts ratings for Kinross Gold.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Kinross Gold In the last year. It is a trending stock that is worth watching.
On 2022-05-20, Kinross Gold (K-T) stock closed at a price of $5.78.