Kinross Gold
About: Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.
Employees: 6,600
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 78 | Existing positions closed: 39
40% more repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 114
10% more funds holding
Funds holding: 383 [Q2] → 422 (+39) [Q3]
8% more capital invested
Capital invested by funds: $5.93B [Q2] → $6.38B (+$455M) [Q3]
3.33% less ownership
Funds ownership: 57.4% [Q2] → 54.07% (-3.33%) [Q3]
18% less call options, than puts
Call options by funds: $64.7M | Put options by funds: $78.4M
22% less funds holding in top 10
Funds holding in top 10: 9 [Q2] → 7 (-2) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Jefferies Matthew Murphy 29% 1-year accuracy 2 / 7 met price target | 8%upside $10 | Hold Maintained | 4 Oct 2024 |
Financial journalist opinion
Based on 13 articles about KGC published over the past 30 days
