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Kinross Gold Corporation Message Board

  • tennisrs tennisrs Apr 19, 2013 10:58 AM Flag

    Dividend Coverage

    A large financial Investment Bank put out a public report this morning discussing the dividend coverge ratio of the top tier gold producers. Of them Agnico, Barrick, Goldcorp, Newmont, and Kinross... Kinross had the highest dividend coverage ratio at $1,300 gold and 1yr target of $1,700 gold. (for 2013) If gold stays at $1,300 KGC's coverage ratio is 5.40x earnings. At $1,700 gold it's 8.87x earnings. To me, this is extremely positive.

    In addition, all the numbers assume NO CHANGE are made to the companies’ capital spending, exploration programs or dividend policies and no changes to working capital.

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