Playing A Huge Gold Bull Case With Dirt Cheap Kinross Gold

Nov. 30, 2022 11:36 AM ETKinross Gold Corporation (K:CA), KGC13 Comments
Leo Nelissen profile picture
Leo Nelissen
20.87K Followers

Summary

  • I believe that gold is at the start of a long-term bull case, triggered by increasing pressure on the Fed to prioritize financial stability over its fight against inflation.
  • Kinross Gold is a fantastic play to benefit from higher (expected) gold prices, thanks to top-tier assets, high margins, and a focus on shareholder distributions.
  • Moreover, the company's valuation is way too cheap, which adds to my view that KGC shares will outperform.

nugget gold

bodnarchuk

Introduction

It's time to talk about gold and one company mining it. In October, I wrote an article titled "The Bull Case That Could Send GDX Flying". I have increasingly become interested in owning gold miners as a play for a

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TradingView (COMEX Gold)

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CME Group

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CME Group

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TradingView (10Y/3M Yield Curve)

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Wells Fargo

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Bloomberg

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FINVIZ

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Kinross Gold

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Kinross Gold

Kinross - AISC & AISC Margins

Kinross - AISC & AISC Margins (Taylor Dart)

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Bloomberg

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This article was written by

Leo Nelissen profile picture
20.87K Followers
I'm a Buy-Side Macro Expert/Financial Markets Analyst. On Seeking Alpha, I discuss a wide range of topics including long-term dividend (growth) investments, mid-term trading opportunities, commodities, rates, and related. A big part of my philosophy is to incorporate as much macro as possible in my articles as it helps investors to make their own decisions and to be on top of all major developments. My DMs are always open. Also, I'm on Twitter (@Growth_Value_) in case you want to say hi! Long-Term Dividend HoldingsPSA, DUK, HD, PEP, RTX, UNP, VLO, DE, ABBV, CAT, HBAN, NSC, LHX, XOM, CVX, CP, LMT, NOC, CME, DHR, EXR

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Additional disclosure: This article serves the sole purpose of adding value to the research process. Always take care of your own risk management and asset allocation.

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Comments (13)

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