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 ...

TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K, NYSE:KGC) will release its financial statements and operating results for the second quarter of 2024 on Wednesday, July 31, 2024, after market close. On Thursday, August 1, 2024, at 8:00 a.m. EDT Kinross will hold a conference call and audio webcast to discuss the results, followed by a question-and-answer session. The call-in numbers are as follows: Canada & US toll-free – 1 (888) 596-4144; Passcode: 5766018Outside of Canada & US – ...

TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K; NYSE: KGC) will release its financial statements and operating results for the second quarter of 2024 on Wednesday, July 31, 2024, after market close. On Thursday, August 1, 2024, at 8:00 a.m. EDT Kinross will hold a conference call and audio webcast to discuss the results, followed by a question-and-answer session. The call-in numbers are as follows: Canada & US toll-free – 1 (888) 596-4144; Passcode: 5766018Outside of Canada & US ...

It has been about a month since the last earnings report for Kinross Gold (KGC) . Shares have added about 11% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Kinross Gold due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Kinross' Earnings and Sales Surpass Estimates ...

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through various research services [1] - The Zacks Style Scores are designed to help investors identify stocks with the potential to outperform the market within a 30-day timeframe [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [2][3][4] - Value Score identifies undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score assesses a company's financial health and future growth potential based on earnings and sales projections [3] - Momentum Score tracks price trends and earnings estimate changes to identify high-momentum stocks [3] - VGM Score combines the three styles to highlight stocks with attractive value, growth, and momentum characteristics [4] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to facilitate stock selection, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [6] Company Spotlight: Kinross Gold Corporation (KGC) - Kinross Gold, a leading gold mining company based in Ontario, Canada, produced approximately 2.1 million gold equivalent ounces in 2023, with 71% of production from the Americas [7] - KGC holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating solid performance potential [7] - The company has seen a positive momentum, with a Momentum Style Score of A and an 11% increase in share price over the past four weeks [7] - Analysts have revised KGC's earnings estimate upwards, with the Zacks Consensus Estimate rising by $0.18 to $0.51 per share, and an average earnings surprise of 46% [7][8]

Delivers strong ESG performance, including a $4.1 billion total benefit footprint through taxes, wages, procurement and community support All dollar amounts are expressed in U.S. dollars, unless otherwise noted. TORONTO, May 29, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:K, NYSE:KGC) ("Kinross" or the "Company") is pleased to announce the publication of its 2023 Sustainability Report (the "Report"), providing a fulsome summary of the Company's progress over the past year in furthering its sustai ...