9 stories mentioning K.TO
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RBC Precious Metals Price Target Changes Brief: Kinross To US$40 From $45; FNV To US$295 From $320; TFPM To US$38 From $44; OR To US$50 From $56; WPM To US$165 From $200
Aurion Resources (AU.V) has received notice from Kinross Gold Corporation's(K.TO) Finnish subsidiary, KG Exploration Finland Oy that Kinross has terminated its option to acquire a 70% interest in Aurion's Launi East Property, Aurion said on Tuesday.As a result, Aurion retains its 100% interest in Launi, it said and added that Kinross has held the option since August 21, 2023, and has incurred total exploration expenditures of more than US$2 million on the Property.Kinross is obligated to provide Aurion with all the technical data resulting from Kinross' work within 45 days of the termination, the company added.
Stifel Canada on Thursday maintained its buy rating on the shares of Kinross Gold (K.TO, KGC) and its C$65.00 price target following the company's first-quarter results."Kinross reported Q1/26 adjusted EPS of $0.71 vs. our $0.69 (consensus: $0.72) on attributable GEO production of 492.6Koz vs. our 489.8Koz (consensus: 481.8Koz) at attributable cost of sales of $1,380/GEO and AISC of $1,732/GEO which were in-line and within the FY26 guidance ranges ($1,360 +/- 5% and $1,730 +/- 5%, respectively). Adjusted Q1/26 EPS absorbed a $91Mln withholding-tax charge, of which $65Mln relates to taxes payable in future quarters tied to repatriation of Mauritania cash flows. Record Q1/26 attributable FCF of $837.5Mln implies FCF/GEO ex-WC of $2,656/GEO (+$1,034/GEO or +63.8% QoQ vs. +$722/oz or +17.4% in gold price). Kinross repurchased $250.1Mln in shares in Q1/26 (plus $50Mln in April) and reaffirmed its 40%-of-FCF return-of-capital target. We estimate approx. $1.3Bln for share buybacks in 2026 (vs. $0.6Bln in 2025) or 3.4% of shares outstanding (vs. 2.5% in 2025). Q1/26 total liquidity stood at $3.9Bln, including $2.2Bln of cash (+$443Mln QoQ)," analyst Ralph Profiti wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $40.93, Change: $+0.07, Percent Change: +0.17%
RBC Capital Markets on Wednesday maintained Kinross Gold (K.TO)'s outperform rating and US$45 price target after the company's Q1 results.On financials, Kinross' adjusted EPS of US$0.70 per share in the first quarter was below RBC's forecast of $0.76 per share and the consensus estimate of $0.71 per share, with larger variances relative to RBC estimates including lower gold sales vs. production and higher taxes. The miner's free cash flow of $830 million matched RBC's estimate and beat the consensus forecast of $802 million.Kinross reiterated its 2026 guidance, noting that higher energy prices have a minimal impact on operations as a result of its hedging program. Buyback activity was in line with expectations, RBC said."Our view: Slightly positive. Operations and financials largely met RBC and consensus expectations. KGC reiterated guidance, noting a minimal impact from higher energy prices as a result of its hedging program. Buyback activity was in line with expectations. KGC announced the receipt of its Great Bear AEX permit, positively positioning the company to advance the UG decline and complete drilling at depth," RBC added.Shares in Kinross were at last look up more than 2% on the TSX.Price: $41.72, Change: $+0.86, Percent Change: +2.10%
RBC Capital Markets said Wednesday that the first quarter represents a seasonally weak period for operating results of gold equities.According to RBC, the market is expected to focus on forward-looking statements on the impact of higher gold and energy prices to costs, as well as emerging inflationary pressures."Although we expect no formal cost guidance revisions across our coverage, commentary on potential changes into mid-year updates could present surprise risk," RBC said.RBC said Alamos (AGI.TO), Barrick Mining (ABX.TO), Eldorado Gold (ELD.TO), G Mining (GMIN.TO), SSR Mining (SSR.TO) and Wheaton Precious Metals (WPM.TO) have outlined materially softer first quarter.RBC said companies with key upcoming deliverables into the first quarter include B2Gold (BTO.TO), Barrick, Alamos, Agnico Eagle (AEM.TO), Centerra (CG.TO), Franco Nevada (FNV.TO), Iamgold (IMG.TO), K92 (KNT.TO), Kinross (K.TO), Lundin Gold (LUG.TO), Orla Mining (OLA.TO), OR Royalties (OR.TO) and Wesdome (WDO.TO).According to RBC, gold equity valuations at spot have expanded in recent weeks, but are still reasonably attractively valued.Price: $66.72, Change: $-0.42, Percent Change: -0.63%