BMO Capital has reinstated its coverage of Kinross Gold (KGC, Financial), assigning an Outperform rating to the stock and setting a price target of C$22. The firm's analysis highlights Kinross Gold's portfolio as a stable and low-risk collection of assets distinguished by its cost-efficient core operations.
The firm also emphasized the company's capacity to generate strong cash flow, attributing this to Kinross's efficient execution. Furthermore, BMO notes that Kinross Gold is currently trading at a discount with a notable free cash flow yield of 14% at current prices.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Kinross Gold Corp (KGC, Financial) is $14.56 with a high estimate of $16.00 and a low estimate of $13.00. The average target implies an downside of 0.62% from the current price of $14.65. More detailed estimate data can be found on the Kinross Gold Corp (KGC) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Kinross Gold Corp's (KGC, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Kinross Gold Corp (KGC, Financial) in one year is $8.38, suggesting a downside of 42.8% from the current price of $14.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Kinross Gold Corp (KGC) Summary page.
