Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

A Tough Mix For Kinross Gold Investors

The best thing I think I can say about Kinross Gold (NYSE:KGC) is that this senior gold miner may be one of the better picks in 2014 for investors who believe gold prices will rebound. For those not so bullish on gold, the combination of high cash costs, limited production growth potential, and elevated political risk may well outweigh the benefits of substantially lower capex spending needs in the next year or two. Although these shares look undervalued today, I don't see enough undervaluation to want to be a buyer with my own money.

Sizable Assets And Diversification, But Cost And Politics Are A Risk

Kinross may not produce as much gold as peers like Barrick (NYSE:ABX...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details