tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Kinross Gold Divests Stake in Asante Gold

Story Highlights
Kinross Gold Divests Stake in Asante Gold

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Kinross Gold ( (TSE:K) ) has issued an update.

On September 22, 2025, Kinross Gold Corporation sold 36,927,650 common shares of Asante Gold Corporation, representing approximately 5.2% of Asante’s outstanding shares, through a secondary block trade. This transaction marks Kinross’s complete divestment of its shares in Asante, although it retains warrants and a convertible debenture that could potentially increase its stake in the future. The sale, valued at C$73,116,747, was part of a strategy to realize value from shares acquired under a previous purchase agreement.

The most recent analyst rating on (TSE:K) stock is a Hold with a C$27.00 price target. To see the full list of analyst forecasts on Kinross Gold stock, see the TSE:K Stock Forecast page.

Spark’s Take on TSE:K Stock

According to Spark, TipRanks’ AI Analyst, TSE:K is a Outperform.

Kinross Gold’s overall stock score is driven by strong financial performance and positive earnings call highlights, including record free cash flow and shareholder returns. Technical indicators suggest bullish momentum, though overbought conditions may lead to short-term volatility. Valuation metrics are fair, supporting a balanced growth outlook.

To see Spark’s full report on TSE:K stock, click here.

More about Kinross Gold

Kinross Gold Corporation is a major player in the gold mining industry, primarily engaged in the extraction and processing of gold. The company focuses on operating mines and projects across various regions, aiming to deliver value through responsible mining practices.

Average Trading Volume: 4,088,004

Technical Sentiment Signal: Buy

Current Market Cap: C$39.45B

See more insights into K stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1