KGC - Kinross Gold: Production Increase And A 45% Upside Potential

• Kinross Gold is a gold and silver mining company and is one of the 10 top gold-mining companies in the world.
• The most interesting thing right now about Kinross is that production is expected to increase from 2.1 million gold equivalent ounces to 2.9 million in 2023.
• I designed a DCF model with a conservative discount of 7.5%-8.5% and FCF from market estimates. The result obtained implies an upside potential of more than 45%.
• After a 306% increase in FCF that market analysts forecast for the year 2022, I used a 13%-7% FCF growth from 2023 to 2026.
• In my view, as soon as more investors learn about the company’s future production, the share price will trend north.

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