Kinross: Quality Miner Trading At A Bargain Price

Summary

  • Kinross has seen a large decline in the share price from the peak in 2020 and during 2022.
  • This has led to a very attractive valuation, especially for a company with improving jurisdictional risk.
  • Kinross is also set to deleverage in 2022, pays a good 3.7% dividend yield, and will continue to rely on buybacks.
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Mining Industry

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Investment Thesis

Kinross (NYSE:KGC) is a larger gold mining company that has had a challenging 2021 following a fire at the mill at Tasiast in Mauritania, which meant production fell short of the

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This article was written by

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Bang for the Buck has a Bsc and Msc in Financial Economics, manages a small investment company, and runs the investing group Off The Beaten Path. He primarily invests in turnaround stories and is currently focused on natural resource industries due to monetary and fiscal policies together with underinvestments and very attractive valuations.

The investing group focuses on companies with quality characteristics that are trading at depressed valuations, which allows investors to participate in the upside of natural resource investing, without experiencing the more extreme drawdowns, that are otherwise so prevalent in natural resource investing. Learn more

Analyst’s Disclosure:I/we have a beneficial long position in the shares of KGC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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