OTCQX:GTBAF - Post by User
Comment by
flashcashon Jan 11, 2022 1:07pm
207 Views
Post# 34304340
RE:Ty H.L
RE:Ty H.L
Globe says Kinross Gold maintained at "outperform"
2022-01-10 08:02 ET - In the News
The Globe and Mail reports in its Saturday edition that National Bank analysts have named Kinross Gold one of their top picks for 2022. The Globe's David Leeder writes that the analysts, while maintaining their "outperform" recommendation, boosted their share target to $13, from $12.50. Analysts on average target the shares at $12.57. Analyst Michael Parkin says in a note: "Kinross trades at a significant discount to senior peers on a P/NAV and EV/EBITDA basis, which we continue to believe is unwarranted. Our thesis hinges on a number of factors including (1) a strong operational track record, with guidance achieved for nine consecutive years, with the first recent miss being 2021, coupled with senior peer best year-over-year production growth potential, with unit costs expected to fall with the significant production growth; (2) a healthy balance sheet; (3) strong multi-year FCF generation, coupled with a 2022 FCF yield (after dividends) of about 16.4 per cent, well above the senior producer average; (4) excellent exploration potential at producing and development projects; and (5) a trustworthy and disciplined management team that has recently demonstrated the ability to de-risk its operations."