Kinross Gold (KGC) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this gold mining company would post earnings of $0.06 per share when it actually produced earnings of $0.10, delivering a surprise of 66.67%.Over the last four quarters, the c ...

Robust margins and significant free cash flow enable $200 million debt repaymentPositive progress at all growth projects including first gold produced from Manh ChohHigh-grade exploration results at Great Bear, Round Mountain and Curlew TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K, NYSE:KGC) ("Kinross" or the "Company") today announced its results for the second quarter ended June 30, 2024. This news release contains forward-looking information about expected future events and ...

Robust margins and significant free cash flow enable $200 million debt repaymentPositive progress at all growth projects including first gold produced from Manh ChohHigh-grade exploration results at Great Bear, Round Mountain and Curlew TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the second quarter ended June 30, 2024. This news release contains forward-looking information about expected future events an ...

Group 1 - The Board of Directors of Kinross Gold Corporation has declared a dividend of US$0.03 per common share for Q2 2024 [1] - The dividend is payable on September 6, 2024, to shareholders of record as of August 22, 2024 [1] - The declared dividend qualifies as an "eligible dividend" for Canadian income tax purposes, while non-resident investors will be subject to Canadian non-resident withholding taxes [1] Group 2 - Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada [2] - The company focuses on delivering value through responsible mining, operational excellence, disciplined growth, and balance sheet strength [2] - Kinross is listed on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC) [2]

Investors looking for stocks in the Mining - Gold sector might want to consider either Kinross Gold (KGC) or Alamos Gold (AGI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores hi ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional val ...

Company Overview - Kinross Gold Corporation is a leading gold mining company based in Ontario, Canada, ranking among the top 10 gold mining companies globally [6] - The company is involved in the exploration and operation of gold mines, with approximately 71% of its 2023 production coming from the Americas [6] - In 2023, Kinross Gold is projected to produce around 2.1 million gold equivalent ounces and also engages in the production and sale of silver [6] Investment Ratings - Kinross Gold holds a Zacks Rank of 2 (Buy) and has a VGM Score of A, indicating strong potential for growth [6][7] - The company has a Growth Style Score of B, with a forecasted year-over-year earnings growth of 27.3% for the current fiscal year [6] Earnings Estimates - In the last 60 days, five analysts have revised their earnings estimates upwards for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.07 to $0.56 per share [6] - Kinross Gold has demonstrated an average earnings surprise of 46%, highlighting its ability to exceed earnings expectations [6]

Core Viewpoint - Kinross Gold (KGC) has experienced significant stock performance, with a 24.3% increase over the past month and a 52.2% rise since the beginning of the year, outperforming both the Zacks Basic Materials sector and the Zacks Mining - Gold industry [1][2]. Financial Performance - Kinross Gold reported an EPS of $0.1 in its last earnings report, exceeding the consensus estimate of $0.06 [2]. - For the current fiscal year, the company is expected to achieve earnings of $0.52 per share on revenues of $4.58 billion, reflecting an 18.18% increase in EPS and an 8.13% increase in revenues [2]. - The forecast for the next fiscal year indicates expected earnings of $0.60 per share on revenues of $4.4 billion, representing a year-over-year change of 14.96% in EPS and a decrease of 4.03% in revenues [2]. Valuation Metrics - Kinross Gold has a Value Score of A, with Growth and Momentum Scores of B, resulting in a combined VGM Score of A [3]. - The stock trades at 17.6 times the current fiscal year EPS estimates, which is above the peer industry average of 16.8 times [4]. - On a trailing cash flow basis, the stock trades at 7.4 times compared to the peer group's average of 10.4 times, and it has a PEG ratio of 0.59 [4]. Zacks Rank - Kinross Gold holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates [5]. - The recommendation is for investors to consider stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating that Kinross Gold meets these criteria [5]. Industry Comparison - The Mining - Gold industry is performing well, ranking in the top 23% of all industries, providing favorable conditions for both Kinross Gold and its peer, Eldorado Gold Corporation (EGO) [6]. - Eldorado Gold Corporation has a Zacks Rank of 1 (Strong Buy) and is expected to post earnings of $1.09 per share on revenues of $1.26 billion for the current fiscal year [6].

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Have you been paying attention to shares of Kinross Gold (KGC) ? Shares have been on the move with the stock up 2.5% over the past month. The stock hit a new 52-week high of $8.34 in the previous session. Kinross Gold has gained 37.5% since the start of the year compared to the -4.5% move for the Zacks Basic Materials sector and the 11.7% return for the Zacks Mining - Gold industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our ea ...