Kinross Gold Sells Stake in Asante Gold

The latest announcement is out from Kinross Gold ( (TSE:K) ).

On September 8, 2025, Kinross Gold Corporation announced the sale of 29,850,984 common shares of Asante Gold Corporation, representing approximately 4.2% of Asante’s outstanding shares and 44.7% of the shares held by Kinross. The sale, conducted at a price of $1.55 per share, amounted to a total of C$46,269,025.20. Following this transaction, Kinross now holds 5.2% of Asante’s outstanding shares on a non-diluted basis and 13.2% on a partially diluted basis. This move is part of Kinross’s ordinary course of investments in portfolio companies, and the company may adjust its holdings based on market conditions and other factors.

The most recent analyst rating on (TSE:K) stock is a Buy with a C$25.25 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 Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Canada. The company focuses on delivering value through responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet. Kinross is listed on the Toronto Stock Exchange and the New York Stock Exchange.

YTD Price Performance: 130.89%

Average Trading Volume: 3,616,130

Technical Sentiment Signal: Buy

Current Market Cap: C$37.33B

Learn more about K stock on TipRanks’ Stock Analysis page.