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KGC

Can KGC Break Out Of This Channel?Multiple attempts over the last few weeks but KGC hasn't been able to firmly break up and out of this channel. I get issues with fear versus the market. But when you have a sector performing and a company executing, it doesn't make sense why this couldn't pop. Maybe we need another big global headline? lol IDK QUOTE Shares of Kinross Gold ( KGC – Stock Report ) (K) have turned things around at the start of the week. After closing on January 17 at $4.50, the gold stock rallied to highs of more than $4.60 on Tuesday. Toward the end of the week last week, Kinross announced the completion of a previously disclosed acquisition of Chulbatkan from N-Mining Ltd. This is a heap leach development project in Russia. The total purchase price of the buyout was $283 million and allows Kinross to explore drilling programs at the site. QUOTE SOURCE: Are These Gold Stocks Ready To Breakout In January?
NYSE:KGC
by PennyStocks101
Kinross Gold Corp - LongKinross "KGC" NYSE "K" TSX Kinross has worked hard to restore its balance sheet after the disastrous 2010 purchase of Red Back Mining. What happened? Kinross paid US$7 billion for Red Back shortly before gold topped out above US$1,900 per ounce. The subsequent crash in gold prices and disappointing production from core assets meant Kinross had to write down most of the value of the Red Back deal. Management has done a good job of reducing the debt load in recent years, and Kinross is now on solid footing. The company finished Q2 2016 with just US$1.7 billion in long-term debt and had US$968 million in cash and cash equivalents. The rebound in gold this year has helped boost margins, and Kinross even generated US$202 million in free cash flow in the second quarter. With the balance sheet under control, Kinross is now focusing on growth. The company purchased assets in Nevada earlier this year and recently unveiled plans to invest US$300 million in its Tasiast project in Mauritania. Tasiast was supposed to be the crown jewel of the Red Back deal, but the site has never lived up to expectations. That might finally change. The new investment in the mine is expected to boost production by 90% and help drive down all-in sustaining costs (AISC) to the point where the facility can deliver significant margins at current prices. Kinross produced 671,000 gold equivalent ounces in Q2 at AISC of US$988 per ounce. Guidance for 2016 remains 2.7-2.9 million ounces at AISC of US$890-990 per ounce.
TSX:KLong
by nnavarrete
RunningAlpha Upgrades Commodity Markets Update to Priority ListRunningAlpha dot com Capital Markets Intelligence High Priority Update for Monday, May 2nd, 2016 Although $39 and $36.50 remains baseline intermediate to long-term support for Light Crude Oil ( in reference to June Contract Pricing ), the recent advance upwards has opened the door for a further short covering rally upwards to $62 to $65, and perhaps $74 to $76 levels if on a spike. Bullish window for buying on dips extends into at least June period -- this also applies to Brent Crude. Russian Stock Market ( $RSX ) looks bullish during this period. Oil and Gas Drilling stocks will likely continue higher on balance -- particularly a core position in stocks like $PBR.A would be sensible, which should also benefit from a continued bullish run in Brazilian Equities ( which I expect Brazilian equities should trend higher into the summer, and again later in the fall to close out the year much higher ). Among many other equities in Latin America, $ARCO and $KOF also have a strong bullish bias with sentiment conviction windows extending into foreseeable future. Other Commodity Markets showing very significant sentiment strength going forward are in the Agricultural complex -- Soybean, particularly Soybean Meal $SOYB, Rice, Corn $CORN, Cotton $BAL and Coffee ( $JO is ETF -- when above $18.02 and especially when trading above above $19.00, then $27 is interim target ), and even wheat to some degree. Equities that would benefit from a rise in these commodity markets should have a tail-wind. Silver and Gold stocks, which RunningAlpha.com has been bullish on for a few months now, still shows signs of strength on pullbacks. Sourced from premium sentiment conviction list on RunningAlpha dot com
NYMEX:CL1!Long
by runningalpha