Kinross Gold: Lobo-Marte Makes The Growth Story Stronger

I'm reiterating Kinross Gold Corporation (KGC) as a Strong Buy with a $40 price target. KGC delivered $727M Q2 free cash flow and $1.9B net cash, while returning $615M YTD to shareholders, validating its ability to fund growth and capital returns.

Lobo-Marte is now a de-risked, cornerstone asset with 350K oz/year, $4.3B NPV at $4100 gold, and a 26% IRR, materially enhancing KGC’s long-term NAV. Stable 2Moz annual production, ongoing cost initiatives, and sequential project pipeline underpin a robust, multi-phase growth profile through the 2030s.

I am reiterating my Strong Buy rating on Kinross Gold Corporation (KGC) following the company's Q2 2026 earnings results. I am also introducing a $40 price target because I think the This article was written by The Curious Analyst 5.2K Followers Follow My background is in Financial Engineering and I have long since been interested in analyzing strong solid companies with a rare financial Profile. My primary area of specialization is in quantamental analysis, where I use a combination of data driven models and fundamental research. My approach is centered on a structured process that combines top-down screening with bottom-up company specific analysis.I write on to share ideas with a wider audience and also learn more about companies and other analysts. My goal is to make unique ideas & research accessible to retail and professional investors alike, while maintaining analytical depth and a clear investment thesis.Associated with another author Kennedy Njagi Analyst’s Disclosure: I/we have a beneficial long position in the shares of KGC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.