Kinross Gold Corporation is a global mining company engaged in the exploration and production of gold and silver
With a diverse portfolio of mines and projects located across North America, South America, and West Africa, Kinross is dedicated to responsible mining practices and sustainability. The company focuses on maximizing value through the efficient extraction of valuable mineral resources while prioritizing environmental stewardship and community engagement. Kinross seeks to enhance shareholder value by employing advanced technologies and innovation in mining processes, as well as by fostering strong relationships with local stakeholders.
Kinross Gold shares are trading higher by 3.1% during Monday's session. The company announced its agreement to acquire 15.41 million common shares of Relevant Gold.
Gold has long been considered a safe-haven investment, prized for its stability and ability to retain value over time. Unlike fiat currencies, gold has consistently served as a store of wealth.
Kinross Gold (KGC) had a strong 2024, delivering record free cash flow and improved margins, while reducing debt. CEO Paul Rollinson stated in the announcement.
Market indexes were mixed today, after seeing all the majors in the red before the opening bell. The Dow closed up +123 points, +0.28%, while the S&P 500 squeaked by +2 points.
Kinross Gold receives a double upgrade to "Buy" with a price target of $12.75, as production forecasts rise to 2M GEOs annually. Barrick Gold, however, faces challenges with mine shutdowns and tax disputes, leading to a downgrade to "Neutral." Analyst adjustments project Kinross boosting shareholder returns in 2025, while Barrick grapples with risks in Mali and the Dominican Republic.
Gold's 2024 outperformance has carried over into 2025, with GLD up nearly 3% year-to-date and several gold stocks displaying immense relative strength.
For those considering gold equities, we present our portfolio of the 6 largest ($+10B) stocks by market capitalization that trade on Canadian and/or American stock exchanges.
These ten stocks saw significant gains last week, with Summit Therapeutics up 98.32% and BioNTech up 31.77%. Analysts also raised price targets for Applovin and Arm Holdings.
The best time to invest is often when sentiment is at its lowest, and sentiment around gold and silver equities is pretty low right now but history tells us that this could be the perfect time to buy.
It is best to invest when sentiment is low and that's the case with gold equities right now so this could be the perfect time to buy. To help you determine which gold stocks to consider investing in consider one of the 6 gold stocks in our portfolio,
Scorpio Gold is, like many #gold juniors, extremely cheap vs. the underlying gold price. It has two projects in Nevada, one of which should reach initial production next year! Low-risk, low cap-ex. Tremendous upside potential.
