Kinross Gold (KGC)

[winston]

not vested

More aggressive investors may want to consider this smaller cap company. Kinross Gold Corp. (NYSE: KGC) engages in the acquisition, exploration, development and production of gold properties.

The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. It also produces and sells silver.

Kinross recently announced that it will proceed with the Tasiast Phase Two and Round Mountain Project W projects. At full production by 2020, CEO Paul Rollinson sees these two projects stabilizing the company’s gold equivalent output in the 2.5 million ounce range.

Trading at a discount to the peer producers, some believe that this valuation gap could be closed due to these projects.

RBC has a $5.25 price objective, near the consensus estimate of $5.21. Shares close trading on Thursday at $4.37.

Source: 24-7 Wall Street