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Kinross Gold Corporation (KGC)

NYSE - Nasdaq Real Time Price. Currency in USD
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6.49-0.03 (-0.46%)
At close: 3:59PM EDT
6.50 +0.01 (0.15%)
After hours: 04:23PM EDT
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  • R
    RJ
    Am I reading the charts right? Is the 6-month view showing the 90-day passing the 180-day moving average to the upside? What is that called again?
  • C
    Carmine
    What's a missed, but very important take out of this buy back, and excellent Quarterly earnings report, is that Management is trying to push up shareholder value.
    I really believe a 5% buy back will not only elevate share price by 5%, but then increases dividends, will attract eyes that will certainly see the valve in KGC.
    Exposure is key to investment advertising. When it is realized that here is a Company, who has a proven track record to be extremely profitable, pays a Dividend, and has a P/E around 5....and is a Gold Mining Stock...at a time when this current Administration is attempting to push our Dollar over the fiscal cliff... I believe you're in the right investment.
    Stay the course, accumulate on the dips, and feel good about the long term investment you are in.
    Bullish
  • R
    RJ
    J, giving you another chance to bail out the company. Where do we go from here? Up, down, sideways? Help us J, you're our only hope!
  • r
    royce
    My believe is that Inflation is here to stay and history shows what this stock does when uncertainty hit the markets. What are the cons of this company? Anyone have an answer worth sharing?
  • A
    Ajay
    Why is gold going down now ? Decided not to follow dollar today ? This is getting really frustrating goes down when dollars goes up and now when dollar is down gold is going down as well
  • A
    Ajay
    Can someone tell me ..what exactly does miners company like KGC follows ? At this point i am confuse if it follows gold, dollar or market ..seems like it follows whatever is going down
  • M
    Mar
    So , you would think the recent news of Kinross wading into the market to buy back what amounts to 5% of it's shares, in support of a share price which has been pummeled for far too long by or on behald of certain institutional holders of Kinross shares, would be only one positive driver for the share price going forward.
    The obvious 'naked shorting' of Kinross shares by or on behalf of certain institutional investors is something to be contended with going forward. The company management finally announcing a long over due share buyback program is only a requisite first step in defending the share price.*** Had the company represenatives actually wanted to royally sc_r_e_w these institutional 'jackals' who have been allowed for far too long to 'naked short' Kinross shares, the company would have: (a) greatly increased the dividend payment and (b), concurrently issued a one time special dividend to shareholders of record prior to the release of Q2, 2021 earnings. Obviously, the spot gold price experiencing a initial one day $60.00 to $100.00 increase in daily established value (now that 'the usual suspects' in London have been 'accomodated' by Basel 3 related 'assurances') would also contribute to what should result in the mother of all short squeezes serving to rightfully s_c_r_e_ _w the very jackals who have been left to 'naked short' Kinross shares; this, since gold price had been left to test and establish a 'firm base' at the lower end of what is a clear range in valuation. I wrote about the quick and supposedly unexpected moves upward in Gold's valuation which could occur, should the would be king and his long time 'consorts' elect to make it so. I don't doubt Goldman Sachs, JP Morgan et al. were made to provide certain concessions, so as to placate the would be king and 'friends', during those Basel 3 discussions.
    Yes, that is how the cookie crumbles; and perhaps the USD as well, as a depreciating USD certainly supports an increase in the gold spot price and the price of all USD deominated sales of commodities.
  • R
    RJ
    EPS - .12 vs .13 Est
    Rev - 1B
    FCF - 182.8 M
    Share buyback announced up to 63M shares initially
    Declares dividend .03 ex date 8/19
  • R
    RJ
    Here is a surprise curtesy of (TheFlyOnTheWall):

    "Bullish option flow detected in Kinross Gold (KGC) with 14,718 calls trading, 3x expected, and implied vol increasing over 50 points to 93.35%. 7/30 weekly 6.5 calls and Aug-21 6.5 calls are the most active options, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 0.24. Earnings are expected on November 10th."
  • W
    WADES
    Management buyback finally shows investors that this stock is undervalued.
    Just wish they would buy more than 5%!
  • G
    GC2
    Spot gold has gradually up sloped in July. We have stock buy back, solid financials, over boughtness, a solid future in productions....not to mention pregnant inflation. So how is it we're not popping more? My best GUESS...peeps have a jaundiced eye on spot gold and are Leary of the manipulation. Don't trust a consistent upward slope. Any ideas. #$%$ in the wind, but still long!
    Bullish
  • C
    Carmine
    Why you shouldn't worry about buying KGC

    The pandemic-fueled recession ended 15 months ago. It’s over, and it was the shortest recession our nation has had in its 245-year history. Yet the government continues to spend $875 million every hour, and the Federal Reserve continues to buy $336 million worth of bonds every hour to combat a crisis that was resolved over a year ago. In doing so, both institutions are generating the next crisis--an inflationary crisis that’s being spun as either a temporary blip or a non-existent problem. When President Biden claims that inflationary mechanisms will cause “deflation,” you know that he’s either completely out of touch with reality or that he’s trying to gaslight the American public. Sadly, the mainstream investing public continues to buy it. Unless you want to meet the cliff that awaits the herd, you might look into hedging the impending crisis that’s about to come down hard on everyone. And right now, non-CUSIP precious metals are the only assets that can protect you from the inflationary firestorm that’s coming our way.
    Bullish
  • s
    scott
    Share buyback is Big!!!
    Buying in after-hours
  • R
    RJ
    Tomorrow.....The start of the Day of Reckoning
  • G
    G.Growl
    Britain said OK to Basel III as long as precious metals requirements are left out. Hmmm.
    Did JP Morgan have some input?
  • R
    Robert
    Tomorrow KGC is starting to buy its own stocks We’ll see how its going
    Bullish
  • R
    Robert
    I think gold price,fire and all bad news is in the stock price already
    Bullish
  • W
    Walker
    KGC to 7.50
    Following earnings , just beginning of run for metals into Jan feb 2022
  • A
    Alexander
    5% buy back. Good, amounts to about 20 days buying at the average volume. Now if Kinross can do say 6%-7% next Q and so on Kinross stock price could be a monster after about a year or two. That is at current Gold price and of course we all know that confidence in the American Green is dwindling. Oh my what will tomorrow bring?
  • G
    Golden Dragon
    Buying gold or gold stocks is 100% safer than bitcoin to fight inflation and protect your money
    Bullish