Long
$KL, $55 target in H1/21.
Attractive entry point for 2021.
The Company is likely to produce 1.3 - 1.4m gold oz's in 2021. The high grade nature of their deposits provides ample margin at current prices for cash accumulation / a big exploration program / sustaining capex / share buybacks / dividends.
The Group ended Sept 30th with no debt, 850m in cash, and is generating $2.25-2.50/sh in FCF annually.
The current share price is trading at April levels when gold was ~in a $1,650 - 1,750/oz despite current gold prices of $1,898/oz.
I'm expecting Group will report in excess of 11B in cash, no debt with operations contributing another record year for the Company.
Gold has rallied since Nov 30th, however KL has lagged during the 1100/OZ run up.
Rally of gold in 2021 will move KL to $55 levels, provided no expensive acquisitions, it should provide a 30-45% return during the year.
Cdn buyers/Cdn exchange - deval of USD coming in 2021.
The Company is likely to produce 1.3 - 1.4m gold oz's in 2021. The high grade nature of their deposits provides ample margin at current prices for cash accumulation / a big exploration program / sustaining capex / share buybacks / dividends.
The Group ended Sept 30th with no debt, 850m in cash, and is generating $2.25-2.50/sh in FCF annually.
The current share price is trading at April levels when gold was ~in a $1,650 - 1,750/oz despite current gold prices of $1,898/oz.
I'm expecting Group will report in excess of 11B in cash, no debt with operations contributing another record year for the Company.
Gold has rallied since Nov 30th, however KL has lagged during the 1100/OZ run up.
Rally of gold in 2021 will move KL to $55 levels, provided no expensive acquisitions, it should provide a 30-45% return during the year.
Cdn buyers/Cdn exchange - deval of USD coming in 2021.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.