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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (94322)	9/22/2020 8:34:02 AM
From: Goose94	Read Replies (1) of 202401

Kinross (K-T) Raymond James analyst Farooq Hamed continues to target a "outperform" (all figures U.S.). Mr. Hamed elevated his share target to $12 from $10.50. Analysts on average target the shares at $11.40. Mr. Hamed says in a note: "KGC provided a high-level three-year operating outlook highlighted by 20-per-cent production growth 2023/2020 with production expected to grow to 2.9 million GEO by 2023 from 2.4 million GEO in 2020. By comparison, we were modeling a flat to slightly declining production profile over the same period. We were particularly impressed by KGC's indication that the growth should come primarily from existing projects and includes expected mine life extensions at Kupol and Chirano and that the growth is based on mine planning at a gold price of $1,200 per ounce implying an expectation for healthy margins all else being equal or conversely, a sustainable strategy and margin of safety should commodity prices retrace." Last week Kinross declared a quarterly dividend of three cents per share, which Mr. Hamed says puts its yield in-line with other senior producers.

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