Kinross Gold (KGC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The po ...

Kinross Gold Corporation’s (KGC) shares have popped 65.3% year to date, outperforming the Zacks Mining – Gold industry’s gain of 19.9%. The bullishness appears to have been catalyzed by its better-than-expected earnings performance on the back of a rally in gold prices.KGC is currently trading at a roughly 7.6% discount to its 52-week high of $10.82, reached on Oct. 24, 2024, thanks to a surge in gold prices to new highs on U.S. election uncertainties and heightened geopolitical tensions. Technical indicato ...

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Kinross Gold (KGC) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Kinross Gold is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Secto ...

Core Viewpoint - Kinross Gold Corporation (KGC) reported significant growth in profit and revenue for the third quarter of 2024, driven by higher gold prices and operational efficiency [1][2]. Financial Performance - KGC recorded a profit of $355.3 million or 29 cents per share, up from $109.7 million or 9 cents per share in the same quarter last year. Adjusted earnings per share were 24 cents compared to 12 cents previously, beating the Zacks Consensus Estimate of 18 cents [1]. - Revenues increased by 29.9% year over year to $1,432 million, exceeding the Zacks Consensus Estimate of $1,186.7 million [2]. Operational Performance - The company produced 564,106 gold equivalent ounces, a decrease of 4% year over year, but higher than the estimate of 528,770 ounces. Average realized gold prices were $2,477 per ounce, up approximately 28.4% from the previous year [3]. - The production cost of sales per gold equivalent ounce was $976, an increase of 7.1% year over year, but lower than the estimate of $997. All-in-sustaining cost per gold equivalent ounce sold rose roughly 4.2% year over year to $1,350, also lower than the estimate of $1,372 [4]. Cash Flow and Financial Review - Operating cash flow was $733.5 million in Q3 2024, compared to $406.8 million a year ago. Free cash flow increased to $414.6 million from $137.7 million in the prior-year quarter [5]. Outlook - KGC is on track to meet its production guidance of 2.1 million gold equivalent ounces (+/- 5%) and other cost and capital expenditure guidance for 2024. Annual production is expected to remain stable at around 2 million gold equivalent ounces in 2025 and 2026 [6]. Stock Performance - KGC shares have increased by 103.3% over the past year, outperforming the industry average increase of 45.8% [7].

Here are three stocks with buy rank and strong value characteristics for investors to consider today, November 11:Pitney Bowes Inc. (PBI) : This shipping and mailing company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.Pitney Bowes has a price-to-earnings ratio (P/E) of 19.95 compared with 51.80 for the industry. The company possesses a Value Scoreof A.Kinross Gold Corporation (KGC) : This gold mining company carr ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, November 11:Pitney Bowes Inc. (PBI) : This shipping and mailing company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% the last 60 days.This Zacks Rank #1 company has a dividend yield of 2.6%, compared with the industry average of 1.7%.Kinross Gold Corporation (KGC) : This gold mining company has witnessed the Zacks Consensus Estimate for its current year earnings ...

Alluvial Gold Research offers in-depth research on my favorite miners ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts as well as the following: Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, a ...

Kinross Gold Corporation (NYSE:KGC) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET Company Participants David Shaver - Vice President of Investor Relations Paul Rollinson - Chief Executive Officer Andrea Freeborough - Executive Vice President & Chief Financial Officer Claude Schimper - Executive Vice President & Chief Operating Officer William Dunford - Senior Vice President, Technical Services Geoff Gold - President Conference Call Participants Josh Wolfson - RBC Capital Markets Anita Soni - ...

Financial Performance - Attributable production was 564,106 Au eq oz in Q3 2024[12], and 1,626,843 Au eq oz YTD 2024[12], compared to 585,449 Au eq oz in Q3 2023 and 1,606,507 Au eq oz YTD 2023[12] - Cost of Sales was $976 per Au eq oz sold in Q3 2024[12], and $995 YTD 2024[12], compared to $911 in Q3 2023 and $931 YTD 2023[12] - Attributable All-in Sustaining Cost was $1,350 per Au eq oz sold in Q3 2024[12], and $1,349 YTD 2024[12], compared to $1,296 in Q3 2023 and $1,303 YTD 2023[12] - Operating Cash Flow was $734 million in Q3 2024[12], and $1,712 million YTD 2024[12], compared to $407 million in Q3 2023 and $1,194 million YTD 2023[12] - Attributable Free Cash Flow was $415 million in Q3 2024[12], and $906 million YTD 2024[12], compared to $138 million in Q3 2023 and $443 million YTD 2023[12] - Earnings Per Share was $0.29 in Q3 2024[12], and $0.55 YTD 2024[12], compared to $0.09 in Q3 2023 and $0.29 YTD 2023[12] - Adjusted Net Earnings Per Share was $0.24 in Q3 2024[12], and $0.49 YTD 2024[12], compared to $0.12 in Q3 2023 and $0.33 YTD 2023[12] Balance Sheet and Liquidity - Net Debt reduced to $1.2 billion as of quarter end[13] - The company has $473 million of cash and cash equivalents and $2.1 billion of total liquidity[13] Production Outlook and Guidance - The company is on track to meet FY2024 guidance of 2.1 million Au eq oz (+/- 5%)[14] - Attributable Production Cost of Sales guidance is $1,020 per Au eq oz sold[14] - Attributable All-in Sustaining Cost guidance is $1,360 per Au eq oz sold[14] - Attributable Capital Expenditures guidance is $1,050 million[14] Project Highlights - Great Bear PEA highlights a 518 koz/year average annual production over the first 8 years, $491 million FCF/year, and $812/oz AISC[36] - Lobo-Marte has a potential life of mine production of 4.7 million Au eq oz and annual production of ~300 koz[35]

Group 1 - Kinross Gold reported quarterly earnings of $0.24 per share, exceeding the Zacks Consensus Estimate of $0.18 per share, and up from $0.12 per share a year ago, representing an earnings surprise of 33.33% [1] - The company achieved revenues of $1.43 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 20.67%, compared to $1.1 billion in the same quarter last year [2] - Kinross Gold shares have increased approximately 64.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 19.8% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $1.13 billion, and for the current fiscal year, it is $0.66 on revenues of $4.87 billion [7] - The Mining - Gold industry is currently ranked in the top 7% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8]