Top Gap Ups and Downs on Monday: AAPL, OKE, SWKS and More
National Bank Maintains Kinross Gold(KGC.US) With Buy Rating, Raises Target Price to $12.5
Kinross Gold's Price Target Raised to $17 From $16 by National Bank of Canada; Outperform Rating Confirmed
Gold Prices at All-time Highs as Traders Eye Deeper US Rate Cut
Golden industrial concept continues to rebound, gold breaks through $2600 to reach a new high since listing, institutions believe sector valuation repair is expected.
Golden industrial concept continues to rebound. As of the time of publication, Chi Silver Gp rose by 3.51%; SD Gold rose by 3.03%; Chinagoldintl rose by 2.34%; Zijin Mining Group rose by 0.69%.
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QMengColdJoke : They spent like 1 dollar per share. For 8 years, gold price 1800 means 0.4 per share, 0.6 per share for 2300. Then 4 years lower yield. Deal was done when stock price was 5 and gold price at 1900. quick math… Super cheap
Trytosaveabit OP QMengColdJoke : Yes! IMO this is far undervalued right now!
QMengColdJoke Trytosaveabit OP : I see why market is not crazy. It needs capital spending extra 1 per share. After approval from government, expect to make money since 2029, so for 5% interest, NPV 1.5 per share for 1900 gold price. 2.7 for 2500 gold price. Considering risk of approval and blabla pricing in. But, trick is we know 1) KGC was robbed by Russia and war lord which causing low pricing. 2) Gold price will surely rising further in 2029. I added a little (gold is a little high in short term) but will buy a lot more if we have any pull back.