Pulled back recently.
Has sold shares, but looking with current share price.
Wait a little before buying.
Expects gold to go up the next few years.
Has initiated a position in the company. Company focusing on core business model. Strength in US Dollar putting pressure on gold (expect this won't last). Larger institutions recently buying shares in the company.
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)
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, 4 stock analysts published opinions about K-T. 2 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.
4 stock analysts on Stockchase covered Kinross Gold In the last year. It is a trending stock that is worth watching.
On 2023-06-01, Kinross Gold (K-T) stock closed at a price of $6.57.
Doesn't own either. Kinross has historical issues trying to right the ship, doing better recently.
For ELD, a very high 60% of NAV is exposed to development risk. Recent mine is financed and built, but there's still execution risk. Trades at a discount on geopolitical risk too.
His preference is AEM, with one of the best teams and one of the best executions he's seen over the last decade.