17:02:39 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Kinross Gold Corp (2)
Symbol K
Shares Issued 1,227,837,974
Close 2024-04-19 C$ 9.31
Market Cap C$ 11,431,171,538
Recent Sedar Documents

Globe says Parkin keeps Kinross Gold at "outperform"

2024-04-19 08:32 ET - In the News

The Globe and Mail reports in its Friday, April 19, edition that National Bank Financial analyst Mike Parkin has reaffirmed his "outperform" recommendation for Kinross Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Parkin continues to target the shares at $13.50. Analysts on average target the shares at $10.21. Mr. Parkin says in a note: "Kinross maintains significant opportunities for growth within its North American portfolio, which will improve its geopolitical risk profile. This includes the Great Bear project (Ontario), Manh Choh (Alaska), Curlew basin (Washington State) and the Round Mountain U/G project (Nevada). Kinross also exhibits above-average leverage in a supportive environment for the commodity, with our NAV showing about a 3.1:1 sensitivity to the gold price. This above-average sensitivity comes from a combination of a modestly levered balance sheet, being a pure-play precious metals producer and having an above-average cost structure." The Globe reported on Sept. 22, 2022, that Mr. Parkin rated Kinross "outperform." The shares could then be had for $4.78. The Globe reported on April 5, 2024, that National Bank rated Kinross "outperform." It was then worth $8.71.

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