$K

2 stories mentioning KUpdated 46d ago

Every FINWIRES story that references K, newest first.

Research Alert: CFRA Upgrades View On Shares Of Kinross Gold Corporation To Strong Buy From Buy

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our unchanged 12-month target of CAD58 values Kinross at an EV/EBITDA of 6.8x applied to our 2027 EBITDA estimate, above Kinross's three-year average forward EV/EBITDA of 5.4x but below peers' median forward EV/EBITDA of 7.1x. We increase our 2026 EPS estimate by USD0.23 to USD3.20 and our 2027 EPS estimate by USD0.26 to USD3.59. Kinross remains on track to produce 2.0 million ounces in 2026 at an AISC of USD1,730/oz. The company generated record free cash flow of USD837M in Q1, supporting its strategy to return 40% of FCF to shareholders through buybacks and dividends. With USD2.2B in cash and USD3.9B in liquidity, Kinross maintains an exceptional balance sheet. The growth pipeline is compelling, with U.S. projects (Phase X, Curlew, Redbird) adding production in 2028 and Great Bear advancing toward late-2029 production. Kinross's grade enhancement strategy, combined with fuel hedging (63% hedged for 2026) and operational improvements, positions it to deliver margin expansion and strong cash flow generation.

Research57d ago

Research Alert: Kinross Gold Posts Q1 Miss Offset By Record Cash Flow, Strong Margin Expansion

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Kinross posted Q1 2026 adjusted EPS of $0.71 vs $0.30 prior year, missing consensus by $0.03, while revenue increased 61% Y/Y to $2.41B, missing by $53M. The company generated record quarterly free cash flow of $837.5M, up 120% Y/Y, with margins expanding 92% to $3,476 per ounce versus 71% gold price appreciation. This margin expansion validates our operational leverage thesis, showing disciplined cost management despite 33% higher attributable production costs driven primarily by elevated gold price royalties. Management maintained full-year 2026 guidance for 2.0M oz production with all-in sustaining cost (AISC) of $1,730 per ounce. With $2.2B cash, the company returned $350M to shareholders YTD, remaining on track for 40% free cash flow returns. We believe record cash generation validates Kinross' capabilities in the current gold environment, while key development projects including Great Bear and Lobo-Marte advance toward late 2020s production.

Track with the FINWIRES app suite

FolioX

Track K in your portfolio

WheelAI

Analyze K options with the wheel strategy

StockInsider

See market sentiment on K