04:14:33 EDT Fri 19 Apr 2024
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Kinross Gold Corp (2)
Symbol K
Shares Issued 1,227,837,974
Close 2024-02-06 C$ 7.34
Market Cap C$ 9,012,330,729
Recent Sedar Documents

Globe says Nagle keeps Kinross Gold at "outperform"

2024-02-07 08:01 ET - In the News

The Globe and Mail reports in its Wednesday, Feb. 7, edition that National Bank Financial analyst Shane Nagle has reaffirmed his "outperform" recommendation for Kinross Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle has an unchanged $10 share target. Analysts on average target the shares at $9.39. Mr. Nagle says in a note: "Kinross maintains significant opportunities for growth within its North American portfolio, which will help 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 3.2:1 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 Aug. 18 that Credit Suisse rated Kinross Gold "neutral." It was then worth $6.26. The Globe reported on Jan. 16 that Mr. Nagle continued to rate Kinross "outperform." The shares could then be had for $7.81.

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