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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (123151)	4/4/2022 8:44:26 AM
From: Goose94	Read Replies (2) \| Respond to of 202283

Kinross Gold (K-T) has been rallying over the past five weeks. Kinross, untethered from Russia, may be a more valuable stock. The gains last month outpaced bullion and the NYSE Arca Gold Bugs Index. Investors appear to be applauding the move away from Russia, even if it ultimately sells its Russian assets at a significant discount and loses a big chunk of production. Kinross said Tuesday it plans to sell all of its Russian assets. Mr. Berman says Kinross shares may now be attracting investors that had been wary of its exposure to Russia, which has weighed on the stock's valuation over several years. Beacon Securities analyst Michael Curran says, "The reality is that geopolitical risk was probably one of the main issues why the stock traded at a discount to the peer group." While stocks such as Barrick Gold (ABX-T), Agnico Eagle Mines (AEM-T) and Newmont (NGT-T) trade at a premium to net asset value and cash flows, Kinross trades at a significant discount. The bullish case for the stock now rests on this discount narrowing as its geopolitical exposure becomes limited to more palatable countries in South America, North America and Africa. In the Globe