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
COMMENT
This is one of the cheapest senior gold companies because of a) Russian exposure and b) viewed as acquisitive and paying up for assets. Merging with Red Back Mining (RBI-T). If gold prices move up to $1500-$1700 it should do well. Shorter term there is some uncertainty as to whether they overpaid.
DON'T BUY
Bulking up with Red Back. A different mix. Prefers to look at companies that don’t have all that other stuff. Came down through it’s support. It should be ok. Prefers YRI.
PAST TOP PICK
(A Top Pick Aug 10/09. Down 21.63%.) Decided to continue to hold because when their new Red Back (RBI-T) connection, which could possibly give them a lot of growth between now and 2015
DON'T BUY
Has been expanding well and capitalizing on its sale of Harry Winston. He doesn’t know anything bad about it. A low cost producer.
DON'T BUY
Started to break out in late 2009 but something happened at the street didn't like. Has been dropping since then.
COMMENT
This stock has been out of favour because the market thinks they are going to overpay making an expensive acquisition. Would prefer staying with the mid-caps. (See Top Picks.)
PARTIAL BUY
Although gold commodity is going up, this stock is dropping. There is no correlation between the company's earnings and gold prices. His model price is $16.56 so now is the time to start nibbling.
DON'T BUY
Just reduced his gold holdings by selling this stock as it was lagging compared to the rest of them. If gold goes up and makes new highs, which it could do this summer he would prefer others.
COMMENT
Believes gold has a lot higher to go. It's a matter of timing. Gold stocks have not followed bullion because the costs have been rising. Feels this is getting behind them now.
DON'T BUY
Prefers Goldcorp (G-T) or Agnico-Eagle (AEM-T) as its cash cost production is too high at around $480 and the growth profile is relatively flat.
PAST TOP PICK
(A Top Pick Feb 12/09. Down 25.73%.) Sold his holdings because of better opportunities elsewhere.
PAST TOP PICK
(A Top Pick Jan 26/09. Down 16.81%.)
DON'T BUY
Not his favourite gold stock. Partly because they are not growing their production and partly because of their Russian exposure.
DON'T BUY
If gold gets up to $1500 or $2000, he could see this one hitting its highs $36-$40. However if gold gets to $1350 a market wouldn't be excited about this stock.
PAST TOP PICK
(A Top Pick Jan 19/09. Down 5%.) Had some operating problems that knocked the stock back. Nothing fundamentally wrong and they have great reserves.
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