Kinross Gold Divests Stake in Asante Gold

Kinross Gold ( (TSE:K) ) has provided an announcement.

On September 23, 2025, Kinross Gold Corporation announced the sale of its entire 5.2% stake in Asante Gold Corporation, amounting to 36,927,650 common shares, for a total of C$73,116,747. Despite this sale, Kinross remains a supportive investor in Asante through convertible instruments, representing approximately 8.4% of Asante’s outstanding shares on a partially diluted basis. The transaction was conducted as a private placement and reflects Kinross’s ongoing strategy of managing its investment portfolio, with potential future transactions dependent on market conditions and other factors.

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 Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Canada. The company focuses on 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.

Average Trading Volume: 4,079,024

Technical Sentiment Signal: Buy

Current Market Cap: C$39.45B

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