Kinross Gold
About: Kinross Gold is a Canada-based gold producer, producing roughly 2.1 million gold equivalent ounces in 2024. The company had about a decade of gold reserves at the end of 2024. 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. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve.
Employees: 6,800
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
98% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 46
11% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 143
10% more capital invested
Capital invested by funds: $6.37B [Q3] → $6.98B (+$610M) [Q4]
9% more funds holding
Funds holding: 425 [Q3] → 463 (+38) [Q4]
6.84% more ownership
Funds ownership: 53.99% [Q3] → 60.83% (+6.84%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 7 (+0) [Q4]
16% less call options, than puts
Call options by funds: $56.4M | Put options by funds: $66.9M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Scotiabank Tanya Jakusconek 77% 1-year accuracy 20 / 26 met price target | 8%upside $16 | Sector Outperform Maintained | 14 Apr 2025 |
Raymond James Craig Stanley 100% 1-year accuracy 3 / 3 met price target | 2%upside $15 | Market Perform Maintained | 4 Apr 2025 |
Financial journalist opinion
Based on 18 articles about KGC published over the past 30 days
