TSE:K

Kinross Gold (K.TO)

37.26
+0.31 (0.84%)
as of Jun 22, 2026, 8:00:00 pm Market Open.
129 watching
0
DON'T BUY
Gold producers have been underperforming the metal as well as the rest of the market. This one is about the worst performing big gold producer.
DON'T BUY
He would prefer Barrick (ABX-T), Goldcorp (G-T) or even Yamana (YRI-T) if you are going into golds. This one has been languishing quite a bit.
COMMENT
Raised a lot of money for acquisitions. Whenever a company does this, there is overhang in the market that prevents the share price from rising. Their validation will come through with all of their mines start to kick out production and are able to put ounces into inventory.
DON'T BUY
Starting to have high-volumes but he doesn't know why. Hasn’t liked this one for a long time. Too much political risk.
HOLD
Poor performer due to concerns about project execution. On balance, it has good projects and the stock should be able to recover eventually. (Would prefer Goldcorp (G-T) and Newmont (NEM-N).)
HOLD
Has always had a concern about this company’s dependence on Russia where it has virtually all of its gold mines. Prefers Goldcorp (G-T) and Iamgold (IMG-T). None of the companies have performed as well as bullion.
DON'T BUY
Difficult for him to find value in the gold sector at all. This isn't one that really jumps out at him as a possible as a Buy him. Doesn't pass his initial inspection with income statement and cash flow ratios.
DON'T BUY
Would favour companies with a much more predictable stream now vs. later.
DON'T BUY
Have done some interesting things over the last couple of years. They changed the growth profile over the last couple of years. Cash costs are high. They have major league cap X to build mines and grow production. There are risk in front of investors. He is cautious with this name.
BUY
Compelling valuation for sure. Within gold group you have had so much risk aversion over the last couple of months. They have a lot of money to spend, best growth outlook of the seniors over the next 4 years but a little country risk and capital risk. Thinks it will catch up eventually and all the risk is priced in. Rewarding in the long-term.
DON'T BUY
Has been an under performer and deservedly so. Questionable acquisitions in the last couple of years. It was questions of where they were. They paid too much and that held the stock back.
HOLD
Gold equities have lagged the gold price but expect they will play catch up. Large cap golds are trying to grow their production, and if they can’t do it organically they have to make acquisitions. This one acquired Redback Mining so they now have an inventory of projects to work on.
COMMENT
His primary holding in gold is Goldcorp (G-T) but if you think gold is going to $2000-$2500 it probably has better leverage than Goldcorp.
TOP PICK
Took quite a hit when some of their production was not up to snuff. Technically it looks like it is on the recovery basis. Has a wide range of mines globally. Looks reasonably priced compared to some of the other golds.
DON'T BUY
A lot of gold stocks have not participated as the physical commodity has. In the dog house because of acquisitions they made that stretched the balance sheet. It will be hard for them to grow production without debt, raising equity or selling assets.
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