KINROSS GOLD CORP
No SEC Form 4 filings for $KGC in the last 30 days.
The FTSE 100 rose as investors weighed renewed hopes for a Middle East ceasefire, despite fresh US strikes on Iran, according to Susannah Streeter of Wealth Club. Brent crude climbed back above $98/bbl after a weekend drop. UK shop inflation rose to 1.2% y/y from 1.0%, driven by higher shipping and commodity costs. A record heatwave may lift retail and hospitality demand.
Freedom Broker upgraded Kinross Gold (KGC) to Buy from Hold on May 18 and raised its price target to $38 from $13.50, citing a “clean, high-quality beat” in fiscal Q1. Kinross reported 492,563 gold-equivalent ounces produced, with production cost of sales of $1,397 per Au eq. oz. It expects 2026 output of 2.0 million Au eq. oz. (+/-5%) and production cost of sales of $1,360 (+/-5%).
Australia’s S&P/ASX 200 fell 20.9 points (0.24%) to 8,671.1, below 8,700, with gold miners, energy, financials and tech weaker, partly offset by gains in iron ore miners. Banks and major miners were mostly down; Rio Tinto and Fortescue rose ~0.5%. Kogan.com jumped ~18% after upbeat sales. The Aussie dollar was $0.717.
