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GOLD: 3 Gold Stocks Making May Moves | news.google.com • |
(KGC) Investment Analysis | news.google.com • |
Is Kinross Gold (KGC) Stock Outpacing Its Basic Materials Peers This Year? | news.google.com • |
Surging Earnings Estimates Signal Good News for Kinross Gold (KGC) | news.google.com • |
Kinross Gold Co. (NYSE:KGC) Shares Sold by Jump Financial LLC | news.google.com • |
KGC's price-to-sales ratio: A comparative analysis with its peers – US Post News | news.google.com • |
Date | For | Estimate | Reported | Surprise | surprise % |
---|---|---|---|---|---|
2024-05-07 | 2024-03 | 0.06 | 0.1 | 0.04 | 66.67% |
2024-02-14 | 2023-12 | 0.09 | 0.11 | 0.02 | 22.22% |
2023-11-08 | 2023-09 | 0.1 | 0.12 | 0.02 | 20.00% |
2023-08-02 | 2023-06 | 0.08 | 0.14 | 0.06 | 75.00% |
2023-05-09 | 2023-03 | 0.05 | 0.07 | 0.02 | 40.00% |
2023-02-15 | 2022-12 | 0.07 | 0.09 | 0.02 | 28.57% |
Date | Firm | Action | From | To |
---|---|---|---|---|
2023-10-03 | Jefferies | Upgrade | Hold | Hold |
2023-05-16 | National Bank Financial Inc | Upgrade | Outperform | |
2023-04-04 | B of A Securities | Downgrade | Buy | Underperform |
2023-01-29 | Barclays | Downgrade | Overweight | Equal-Weight |
2022-12-05 | RBC Capital | Upgrade | Sector Perform | |
2022-07-27 | BMO Capital | Upgrade | Outperform |
Date | Name | Relation | Quantity | Description |
---|---|---|---|---|
1988-10-12 | ARTHUR HARRY DITTO | Unknown | 0.00 | Sale |
1987-07-29 | DITTO ARTHUR H | Affiliated Person | 393.10K | Conversion of Exercise of derivative security |
1987-01-08 | LENTON WAYNE DOUGLAS | Director | 0.00 | Purchase |
1987-12-28 | PROSSER THOMAS J | Director | 0.00 | Sale |
1988-09-05 | ROVIG DAVID BRUCE | Officer and Director | 0.00 | Sale |
1989-09-13 | THOMAS CRAIG D | Director | 48.34K | Conversion of Exercise of derivative security |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-06-29 | Van Eck Associates Corporation | 150.70M | 718.84M | 12.28% |
2023-06-29 | Vanguard Group Inc | 43.94M | 209.60M | 3.58% |
2023-06-29 | Renaissance Technologies, LLC | 24.87M | 118.64M | 2.03% |
2023-06-29 | Royal Bank of Canada | 24.30M | 115.93M | 1.98% |
2023-06-29 | Ruffer LLP | 21.40M | 102.06M | 1.74% |
2023-06-29 | Two Sigma Investments, LP | 15.87M | 75.72M | 1.29% |
Report Date | Organization | Position | Value | Percentage |
---|---|---|---|---|
2023-09-29 | VanEck ETF Trust-VanEck Gold Miners ETF | 65.31M | 297.80M | 5.32% |
2023-09-29 | VanEck ETF Trust-VanEck Junior Gold Miners ETF | 50.88M | 232.03M | 4.14% |
2023-07-30 | Vanguard International Stock Index-Total Intl Stock Indx | 16.51M | 82.21M | 1.34% |
2023-06-29 | Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund | 9.72M | 46.38M | 0.79% |
2023-06-29 | VanEck Funds II-International Investors Gold Fund | 8.13M | 38.79M | 0.66% |
2023-07-30 | Vanguard Selected Value Fund | 6.96M | 34.67M | 0.57% |
Dividend | Date |
---|---|
0.03 | 2024-05-30 |
0.0298556 | 2024-03-05 |
0.03 | 2023-11-29 |
0.03 | 2023-08-23 |
0.03 | 2023-05-31 |
0.03 | 2023-03-07 |
Split | Date |
---|---|
0.33333 : 1 | 2003-02-03 |
I see 4.90 today
5.25 target coming up soon
Sold all my shares yesterday for a small profit. Should have sold last week when it went above 7 for a short period. Will be back when it goes back to the low 5’s
Back in at 6.19.
Could we go into the 5’s
Looking for 6.50 to get back in.
6’s coming soon
6.50 coming
Will be back in when it hits under 7
As long as we are holding up at 8+. Golden cross is coming and we are going up from here. Given the gold price is 1800-1900. I can’t see we go any lower. The boat is leaving the port. Good luck on y’all penny pickers. I’m getting the whole load of this load of bread.
First up, Kinross Gold, is a mid-cap company– valued at $8.6 billion – with active mining operations in the US, Brazil, West Africa, and Russia. Taken together, these operations have proven and probable gold reserves of 29.9 million ounces. The company is guiding toward 2.4 million ounces in total production for 2021, rising to 2.9 million ounces by 2023. The company’s profitability can be seen by cost of sales per ounce, at $790, and the all-in sustaining cost, at $1,025 per ounce. With gold currently selling at $1,782 on the commodity exchanges, Kinross’s near-term success is clear.
Two sets of statistics highlight Kinross’ profitability. First, the company’s recent record of quarterly results shows steadily rising revenues and earnings. Aside from a dip in 1Q20, at the start of the corona crisis, Kinross’ revenues have been gaining steadily since the start of 2019 – and even in 2020, every quarter showed a year-over-year increase.
After 7 years without dividend payments, Kinross used its strong performance in recent months to restore the company dividend. Payments are still made irregularly, but since announcing in September 2020 that the dividend would be reinstated, two payments have been made and a third has been announced for March of this year. Each payment has been for 3 cents per share, which translates to a modest yield of 1.6%. The key point here is not strength of the yield, but rather, the confidence that management has displayed in the near- to mid-term by restarted dividend payments. Based on current production projections, the payments are expected to continue until 2023.
Tyler Langton, in his notes on Kinross, comes to a bullish conclusion: “Given its expected growth projects and pipeline of additional projects, we think Kinross will be able to maintain average annual production of 2.5mm oz. over the next decade. The company has an attractive cost profile, and we expect costs to decrease over the next several years. The company should also generate attractive strong levels of FCF at current gold prices, and we expect Kinross to direct this cash toward internal growth projects and its dividend.”
In line with these comments, he selects Kinross as JPM’s ‘top pick in the gold sector,’ and rates the stock as Overweight (i.e., a Buy). His $11 price target suggests a 61% upside potential in the coming year.