Kinross Gold Corporation’s (KGC) shares have shot up 80.9% in the past six months, outperforming the Zacks Mining – Gold industry’s gain of 41.9%. The bullishness appears to have been partly catalyzed by its better-than-expected earnings performance in the second quarter on the back of higher gold prices.The stock is currently trading at a roughly 3% discount to its 52-week high of $9.45, reached on Aug 2, 2024, thanks to strong second-quarter results and a surge in gold prices. Technical indicators for Kin ...

Equity markets have witnessed some volatility recently. I expect that volatility will continue with the markets anticipating rate cuts. Further, it remains to be seen if the Fed is already behind the curve. As an investor, I would do two things. First, protect my portfolio by going overweight on low-beta stocks. Further, look at corrections as opportunities to buy quality growth stocks. This column focuses on three under-$20 stocks that are likely to deliver multibagger returns in the next 36 months.In rela ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...

Kinross Gold Corporation (NYSE:KGC) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Chris Lichtenheldt - 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 Joshua Wolfson - RBC Capital Markets Lawson ...

Kinross Gold Corporation (KGC) reported a profit from continuing operations of $210.9 million or 17 cents per share in second-quarter 2024. The figure registered an increase from a profit of $151 million or 12 cents per share recorded in the year-ago quarter.KGC reported adjusted earnings of 14 cents per share compared with the prior-year quarter’s figure of 14 cents. The bottom line beat the Zacks Consensus Estimate of 13 cents.  Revenues rose nearly 12% year over year to $1,219.5 million in the second qua ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 1:Telefónica, S.A. (TEF) : This telecommunications services provider has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% the last 60 days.This Zacks Rank #1 company has a dividend yield of 5%, compared with the industry average of 0.4%.Kinross Gold Corporation (KGC) : This gold exploration and development company has witnessed the Zacks Consensus Estimate for its ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 1:Telefónica, S.A. (TEF) : This telecommunications services provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.Telefónica has a price-to-earnings ratio (P/E) of 13.22 compared with 17.70 for the industry. The company possesses a Value Scoreof A.Kinross Gold Corporation (KGC) : This gold exploration and d ...

The average realized gold price in Q2 2024 was $2,342 per ounce, compared with $1,976 per ounce in Q2 2023.Michael McCraeMichael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.ShareDisclaimer ...

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 ...