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 - ...

Third Quarter 2024 Results November 6th, 2024 Delivering Value. Conference Call Participants 2 Paul Rollinson Chief Executive Officer Andrea Freeborough EVP & Chief Financial Officer Claude Schimper EVP & Chief Operating Officer William Dunford SVP, Technical Services Geoff Gold President Third Quarter 2024 Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this presentation including, but not limited to, any information as to the futur ...

Kinross Gold (KGC) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this gold mining company would post earnings of $0.13 per share when it actually produced earnings of $0.14, delivering a surprise of 7.69%.Over the last four quarters, the c ...

Exhibit 99.1 KINROSS GOLD CORPORATION MANAGEMENT'S DISCUSSION AND ANALYSIS For the three and nine months ended September 30, 2024 This management's discussion and analysis ("MD&A"), prepared as of November 5, 2024, relates to the financial condition and results of operations of Kinross Gold Corporation together with its wholly owned subsidiaries, as at September 30, 2024 and for the three and nine months then ended, and is intended to supplement and complement Kinross Gold Corporation's unaudited interim co ...

Significant margin growth and record free cash flow, $350 million debt repaymentFirst gold from Manh Choh, strong PEA results at Great BearOn track to meet annual guidance TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross” or the “Company”) today announced its results for the third quarter ended September 30, 20241.This news release contains forward-looking information about expected future events and financial and operating performance of the Company. We refe ...