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Kinross Gold Corporation (K.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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6.67-0.01 (-0.15%)
At close: 4:00PM EDT
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  • N
    Nasir
    A bit surprised at gold sell off. Low interest rates is just one cost component for corporations. But inflation is rising which will impact corporate earnings. Oil , natural gas and other commodities prices such as copper, aluminium and steel are rising. I don't see Dow sustaining 35000 level for much longer. The coming earnings season will be interesting. But correction is imminent.
    Bullish
  • J
    Jackie
    How does raising interest rates lower inflation. If a business has higher costs like labor, energy, interest on borrowing, climate change (wanted to be PC), etc - doesn't this raise overall costs and cause inflation especially to those that do not get an adjustment for inflation. Printing money wildly doesn't help.
    Bullish
  • H
    Howard
    Rising oil price means rising production cost for miners and eat into their profit.
    Bearish
  • K
    Kevan
    i understand why the gold miners are lower overall lately with crypto and price uncertainty but besides the mine fire can someone tell me why kinross is so low compared to its competitors? the p e is half of some equal competitors and Kinross has a low break even and increasing production overall.. but compared to competitors is trading at a ridiculously low ratio. can someone explain? what am I missing about this company I. particular... NOT the overall gold market
  • R
    RJ
    I know people most likely are not going to like hearing this; but, I would cut the dividend and up the share buyback.
  • m
    mary minnekeer
    Fatcat ,the price is down because the debt is only 30 trillion ,the US unfunded liabilities are only 160 trillion ,the Fed only goosed the market with 5 trillion . and maybe soon they will trim QE from 120 billion to 110 .
  • H
    Howard
    TOAST, Inc. a restaurant software maker, hit $33 billion in its IPO today. And KGC's current market value is a little over $7 billion. Just what kind of stock market is this? Does anyone care to comment on this?
  • M
    Mar
    I would be pleasantly surprised if the current trend in the Kinross share price was somehow reversed and began to trace upward once again; I don't expect that to happen this year. Given Kinross's daily trading market depth and the clear institutional selling which is predominantly dictating a more pronounced downward movement in share valuation going forward, it is obvious that the 'big trade' is in the selling of the Kinross position in order to 'crystalize' and book accumulated losses early. *;* Kinross management is counting on this established trend in order to have the share price be driven down to much lower price points; it is why company management chose to finally enact what had been the long touted and never really seriously pursued share buyback. Management is counting on institutional kinross investors to sell, sell sell. *;* It does seem as though Kinross management hasn't any intention to support the share price in any conceivable way and that they are overjoyed to have everybody and their uncle dump their Kinross holdings, during a prolonged present and clearly defined forthcoming period. *;*
    Perhaps you would do well to follow the established and clearly suggested trend people
    Can you say forward carried losses realization selling period? It is just a thought, eh.
  • M
    Mar
    Management couldn't care less about the share price heading downward. As I said some time ago, the only reason they finally instituted the share buy back program is management knew we were heading into an even softer period for the price of gold; yet, more specifically, the gold producers themselves.
  • W
    Wei
    Can anyone tell me the KGC stock price have Chance going back to $8 in next year if production increase to 2.7 million once?
    Bullish
  • M
    Mar
    Continued.

    The Fed is 'jawboning' and being entirely disingenous with the American people. *;*
    At this juncture, the Fed is quite busy assisting the various financial lending industry players to convince borrowers of every stripe to shed their variable rate mortgages and associated lower rate credit instruments, so as to have such borrowers lock into higher interest bearing fixed rate mortgages and higher interest baearing credit instruments. *;* Should the Fed elect to move on interest rate policy before it would be entirely prudent to do so or should the U.S government reduce and/or end it's bond buying before it is entirely prudent to do so, all the previous and any future positive economic tailwinds, which the tens of trillions of U.S dollars in quantatative easing, monetary stimulus, the macroprudential loosening enabled influences and the like have served in producing or would serve in producing going forward; would be gone quicker than a fart released into a gusting wind.*;*

    This Fed isn't going to set itself up to be to blamed for initiating a crashing of the US economy; perhaps we'll have other 'tax treatment' associated maneuvers, along with other clearly evident factors to blame for that -think about 'externalities'
  • G
    G.Growl
    Evergrande's Troubles Leave Unbuilt City the Size of Los Angeles
    There are homes that could house an urban population of around 4 million now under construction by Evergrande alone.

    And Evergrande isn't the only financial institution floating on massive amounts of free money and artificially low interest rates. Next look for Wall Street to drop a scare to insure trillions more of free money out of Washington, more buying of Wall Street debt by the FED and low interest rates no matter what real inflation looks like.

    It's all baked in and we are all on the same bus that nobody knows how to drive at this point, selfdriving.
  • M
    Mar
    Nasir also stated, "Next few months will be interesting. Any significant market downtrend will force allocation from overvalued sectors to gold. Let's see. Will keep in touch."

    The next few months will be interesting Nasir. Although perhaps not as interesting as you would expect, in terms of a significant market downtrend leading to a allocation centric phenomenon serving to 'immediately' help drive the price of equities issued by profitable gold miners aggressively upward in value.
    *;* I agree that aggressively increasing allocations being made to investments in gold bullion should, at some point, typically drive up the share valuations of the most profitable gold miners.
    Although, there is a possibility, at least initially, that Gold bullion prices could be made to surge upward and that a sustained delayed reaction in any potential increase in the equities valuations of certain less profitable gold miners is realized; or, that most of the consequent increased flows of capital investment in gold bullion centric investments would flow mostly into derivative gold bullion investmet instruments, such as physical gold backed Exchange Traded Funds (ETF's) and the like. *;*
    One can reason that if 'big money' is to quickly shift allocation strategies in reaction to a notable market correction going forward, such mutual funds, private equity funds, hedge funds, pension funds managers and the like, would at least initially move some 'big money' into investment products which would most immediately yield such funds managers the most gain from merely entering 'on the sly' and placing their collective weight in support of the valuations of certain previously selected investment instruments.
    These would be investment instruments such as the Sprott physical gold and silver trust (CEF), the Sprott physical gold fund (NYSE Arca: PHYS), iShares Gold Bullion ETF (TSX:CGL.C, is non-hedged and TSX: CGL, is hedged to the Canadian dollar) and many other like structured investment vehicles. To be continued
  • s
    sigafus
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  • s
    smb_gt
    Hmm, even with gold down today, it's still near record highs and much much higher than KGC's all-in cost. KGC is hugely profitable, super low P/E, and literally making billions of dollars. Yet the stock price is currently near book value. Screaming bargain. Buy!
  • J
    John Hopkins
    I hope company is aggressively buying back shares at these dirt cheap prices. In July company announced to buyback 63M shares by August 2, 2022.
  • F
    Fatcat
    Market correction will cause the usual flight to cash (US) that will send gold lower. At the low of the correction people run frightened back into gold.
  • G
    G.Growl
    The price continue to go lower. I look at the recent Morningstar conservative estimates and it values Kinross at $7.88 ($10 Canadian) with $1300 gold.

    If Wall Street walks it down I'll buy for the long term.
  • N
    Nick
    I just doubled my position to $8k shares. It’s not only undervalued it might just be the most undervalued stock in the market. They don’t make less money just because the stock goes down. It’s all about gold price, production and costs. All three of those variables are doing fine.
  • N
    Nick
    The one year analysts average target of $9.82 implies a 78% upside. How often do you see that? This company has big cash flow and is in good shape at $1750 gold. Now show me $900 gold and it’s a very different story, but with the inflation issue I’m not seeing that in the cards.