Core Viewpoint - The gold sector in the US stock market experienced a collective rise in pre-market trading, driven by increased demand for safe-haven assets following the arrest of Venezuelan President Maduro, which led to a surge in gold prices, reaching $4,434 per ounce [1]. Group 1: Stock Performance - New Gold saw a pre-market increase of 5.37% [2] - Coeur Mining rose by 3.42% [2] - Pan American Silver increased by 2.98% [2] - Barrick Mining experienced a rise of 2.56% [2] - Harmony Gold gained 2.20% [2] - Newmont Mining increased by 2.15% [2] - B2Gold rose by 2.00% [2] - Kinross Gold saw an increase of 1.98% [2] - AngloGold Ashanti rose by 1.86% [2] - Gold Fields increased by 1.56% [2]

Core Insights - Kinross Gold Corporation (KGC) shares have increased by 81.7% over the past six months, outperforming the Zacks Mining-Gold industry's growth of 63.6% and the S&P 500's increase of 14.3% during the same period [1][8] Group 1: Gold Price Impact - Kinross is benefiting from the rise in gold prices, which is expected to continue into the following year due to a favorable macro environment [3] - The escalation of the U.S.-China trade war has increased unpredictability in trade policies, prompting central banks to aggressively increase their gold reserves, contributing to unprecedented highs in gold prices [4] Group 2: Tasiast 24K Expansion and Performance - The Tasiast 24K project has significantly boosted Kinross' production, cash flow, and reduced costs, achieving record production and cash flow in 2024 [5][6] - The mill throughput at Tasiast has increased to 24,000 tons per day, making it Kinross' lowest-cost and most important asset [5][8] Group 3: Future Outlook and Projects - KGC is on track to meet its full-year 2025 guidance, with Tasiast being a key driver of cash flow and output [6] - The commissioning of the Manh Choh project has commenced production, leading to a substantial increase in cash flow at the Fort Knox operation, positioning the company for low-cost, long-life production [6]

Core Viewpoint - Investors are showing a bullish sentiment towards Kinross Gold (NYSE:KGC), with significant options trading activity indicating potential upcoming developments [1][2]. Options Trading Activity - Recent options trading revealed 11 trades for Kinross Gold, with a sentiment split of 72% bullish and 18% bearish [3]. - The total amount for calls was $531,761, while the put amounted to $64,240, indicating a strong preference for bullish positions [3]. - The predicted price range for Kinross Gold is between $17.0 and $30.0, based on the analysis of volume and open interest in options contracts [4][5]. Company Overview - Kinross Gold is a Canada-based gold producer, expected to produce approximately 2.1 million gold equivalent ounces in 2024, with about a decade of gold reserves [11]. - The company operates mines in the Americas and West Africa and has expanded through acquisitions, including the Great Bear project in Canada, which could yield over 500,000 ounces of gold annually for at least a decade [11]. - An industry analyst has set an average target price of $33.0 for Kinross Gold, reflecting positive market sentiment [12][13]. Current Market Position - The current trading volume for Kinross Gold is 4,788,690, with the stock price down by 4.78% to $28.28 [15]. - The next earnings report is anticipated in 44 days, which may further influence market sentiment [15].

Market Performance - Major U.S. indexes ended the Christmas-shortened week higher, with the S&P 500 and Dow reaching new record highs, gaining 0.75% and 0.72% respectively, while the Nasdaq Composite increased by 0.70% [1] - The U.S. GDP growth rate for Q3 2025 was 4.3%, exceeding expectations and marking the fastest growth since Q3 2023 [2] - Despite a decline in consumer confidence, investor optimism is driven by strong corporate earnings outlook and AI enthusiasm [2] Stock Performance - Castle Biosciences, Inc. (CSTL) shares increased by 77.9% since being upgraded to a Zacks Rank 1 (Strong Buy) on October 20, significantly outperforming the S&P 500's 3.8% increase [3][6] - F.N.B. Corporation (FNB) shares rose by 13.4% after its upgrade to Zacks Rank 2 (Buy) on October 21, compared to the S&P 500's 2.8% increase [4] - Hamilton Insurance Group, Ltd. (HG) and Kinross Gold Corporation (KGC) saw gains of 19.8% and 7.7% respectively since their upgrade to Outperform on October 17 [7] Portfolio Performance - A hypothetical portfolio of Zacks Rank 1 stocks returned +14.3% in 2025, slightly underperforming the S&P 500's +14.9% [11] - The Zacks Model Portfolio has outperformed the S&P 500 index by over 12 percentage points since 1988, with an annualized average return of +23.9% compared to +11.5% for the S&P 500 [13] - The Zacks Earnings Certain Admiral Portfolio (ECAP) returned -1.30% in Q3 2025, underperforming the S&P 500's +8.1% gain [15] Dividend Portfolio Performance - Johnson & Johnson (JNJ) returned 14.3% over the past 12 weeks, while 3M Company (MMM) increased by 5.2% during the same period [18] - The Zacks Earnings Certain Dividend Portfolio (ECDP) returned -0.01% in Q3 2025, compared to the S&P 500's +8.1% gain [19]

Core Viewpoint - The prices of gold and silver have been declining sharply, with significant drops in the shares of mining companies such as Newmont Mining, Pan American Silver, and others, attributed to market volatility caused by unverified rumors regarding a major bank's financial issues related to silver futures [1]. Group 1: Market Performance - Silver prices have seen a substantial decline, with spot silver dropping over 10% to below $71 per ounce, marking a total decrease of $12.7, or 15%, from its intraday high of $84.0 per ounce [1]. - Gold prices have also fallen, with spot gold decreasing by 4% to $4,350 per ounce [1]. - Platinum prices have experienced a significant drop of 13%, now priced at $2,129.10 per ounce [1]. Group 2: Company Impact - Newmont Mining (NEM) shares fell by 6.84%, closing at $98.540 [2]. - Pan American Silver (PAAS) shares decreased by 6.70%, with a closing price of $51.677 [2]. - Kinross Gold (KGC) shares dropped by 6.58%, ending at $27.746 [2]. - Other mining companies such as Allied Gold (AAUC), Osisko Development (ODV), and Caledonia Mining (CMCL) also reported declines ranging from 6.40% to 6.70% [2].

Core Viewpoint - Kinross Gold Corporation (NYSE:KGC) is recognized as one of the best gold mining companies to invest in, with a positive outlook from major financial institutions like UBS and BofA Securities [1][3]. Group 1: Price Target and Ratings - UBS raised its price target for Kinross Gold from $31 to $33 while maintaining a Buy rating [1]. - BofA Securities also holds a positive view on Kinross Gold, forecasting a significant rise in gold prices over the next year [3]. Group 2: Gold Market Outlook - Gold is expected to remain a popular bullish investment heading into 2026, supported by strong demand from private investors and central banks [2]. - BofA forecasts that gold prices could reach $5,000 per ounce in 2026, with potential to rise as high as $7,000 per ounce if it mirrors the 2000s bull cycle [3][4]. Group 3: Company Leverage and Sensitivity - Kinross Gold is identified as having strong overall leverage, with its EBITDA and net asset value (NAV) being highly sensitive to a 10% increase in gold prices [5]. - The company operates in multiple countries, including the US, Brazil, Mauritania, Chile, and Canada, positioning it well to benefit from rising gold prices [6].

Core Insights - Investors are encouraged to diversify portfolios by adding international stocks alongside U.S. equities to enhance risk diversification as they approach 2026 [1] International Market Performance - The MSCI EAFE index has delivered a return of 30.48% year to date, outperforming the S&P 500, Nasdaq, and Dow Jones Industrial Average, which returned 17.2%, 21.5%, and 14.1% respectively [2] Earnings Growth and Valuation - A Charles Schwab report indicates that international stocks are expected to have a strong year in 2026, with double-digit earnings growth rates anticipated and these stocks currently attractively valued compared to the S&P 500 [3] Portfolio Recommendations - Adding overseas stocks can help investors tap into growth themes less correlated with U.S. markets, with Kinross Gold Corporation, Sony Group Corporation, and HSBC Holdings plc highlighted as strong additions for a resilient portfolio in 2026 [4] Kinross Gold Corporation (KGC) - Kinross Gold has diverse mining operations across several countries and reported third-quarter production of 504,000 ounces, with strong performance from high-quality assets [5][6] - The company has seen a 66% increase in free cash flow to $687 million and a net cash position of nearly $500 million, supporting development projects and shareholder returns [9] - KGC has an expected earnings growth of 147.1% for 2025, with shares up 211.5% year to date [10] Sony Group Corporation (SONY) - Sony has shifted towards an entertainment-focused strategy, with growth driven by PlayStation, which saw a 3% increase in monthly active users to 119 million [11][13] - The sales forecast for fiscal 2025 has been revised upward by 3%, supported by favorable forex movements and solid hardware sales [13] - SONY has a Zacks Rank of 2 (Buy) and shares have rallied 19.3% year to date [14] HSBC Holdings plc - HSBC is focusing on expanding operations in Asia and the Middle East, with net new invested assets in its Wealth business reaching $29 billion [15] - The bank's common equity tier 1 (CET1) ratio was 14.5% as of September 30, 2025, and it expects a dividend payout ratio of 50% for 2025 [17] - HSBC has an expected earnings growth of 14.92% for fiscal 2025, with shares surging 59.9% year to date [18]

Core Insights - The report by Kinross Research evaluates leading private aviation providers, focusing on procurement models and operational clarity [1][3] Group 1: Report Overview - The report titled "Best Private Jet Charter Companies (2026)" is now available on KinrossResearch.com, providing a comparative review of private aviation providers [1] - It emphasizes a structured evaluation framework that prioritizes clarity in contracting, safety governance, and recovery posture [3] Group 2: Key Findings - Bitlux is identified as the top-ranked provider, noted for its concierge-forward approach, global flexibility, and alignment with best practices in buyer diligence [4] - A buyer-oriented due diligence checklist is included, covering aspects such as operator verification, insurance confirmation, and disruption recovery planning [4] Group 3: Research Methodology - The evaluation criteria include safety governance signals, procurement model fit, fleet access, and geographic coverage [5] - The structured rubric reflects real-world procurement concerns, aiming to clarify operational responsibilities and recovery management [6] Group 4: Industry Context - The private aviation sector is evolving beyond luxury travel, becoming a solution for time-sensitive executives and frequent travelers [3] - The report aims to reduce ambiguity in procurement by clarifying operational roles and contract responsibilities [6]

Group 1 - The Dow futures rose by 0.08%, S&P 500 futures increased by 0.27%, and Nasdaq futures gained 0.44% [1] - Spot gold surpassed $4400 per ounce for the first time, rising over 1.5% to $4407 per ounce, marking a nearly 68% increase this year. Gold mining stocks saw significant pre-market gains, with Sibanye Stillwater up 3.5%, AngloGold Ashanti up 4.2%, and Newmont Mining up 2.5% [1] - Semiconductor stocks mostly rose in pre-market trading, with Micron Technology up about 3%, and AMD, Nvidia, TSMC, and Intel each up around 1% [1] Group 2 - Uber announced a partnership with Baidu to conduct autonomous taxi trials in London, aiming to launch a pilot project using Baidu's Apollo Go RT6 by mid-2026, with official operations expected by the end of next year. Uber's stock rose over 1% in pre-market trading [1] - The Italian Competition Authority fined Apple nearly €98.6 million for abusing market dominance, citing the restrictive nature of Apple's "App Tracking Transparency" policy [2] - Medtronic's diabetes business, MiniMed, submitted an IPO application to raise up to $100 million, focusing on diabetes management devices and technologies [2] - GlaxoSmithKline's new drug was approved in China for the treatment of chronic obstructive pulmonary disease (COPD) in adults with elevated eosinophils [2]

Core Viewpoint - Kinross Gold Corporation is identified as one of the most profitable value stocks currently, with positive price target adjustments from major financial institutions, reflecting strong demand for gold and a lack of speculative market behavior [1][2]. Financial Performance - In Q3 2025, Kinross Gold reported revenue of $1.80 billion, marking a 25.84% year-over-year increase [3]. - The company earned $0.44 per share, exceeding expectations by $0.05 [3]. - The cost of sales was recorded at $1,145 per ounce, contributing to healthy operating margins despite upward cost trends due to various factors [3]. Market Sentiment - UBS raised Kinross Gold's price target to $33 from $31 while maintaining a Buy rating, citing consistent demand from private investors and central banks as a driving force for gold prices [1]. - Bank of America also raised its price target to $32 from $30, reflecting a refreshed outlook on North American metals and mining, despite challenges from reduced Chinese demand for commodities [2]. Company Overview - Kinross Gold Corporation, along with its subsidiaries, focuses on acquiring, exploring, and developing gold properties primarily in the US, Brazil, Chile, Canada, and Mauritania [4].