Kinross(KGC)

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Best Income Stocks to Buy for November 11th
ZACKS· 2024-11-11 09:01
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 ...
Kinross Gold: Rapid Deleveraging Helped By Record Gold Prices
Seeking Alpha· 2024-11-07 09:55
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(KGC) - 2024 Q3 - Earnings Call Transcript
2024-11-06 17:15
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 - ...
Kinross(KGC) - 2024 Q3 - Earnings Call Presentation
2024-11-06 13:34
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]
Kinross Gold (KGC) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-06 00:15
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]
Kinross(KGC) - 2024 Q3 - Quarterly Report
2024-11-05 22:11
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 ...
Kinross reports strong 2024 third-quarter results
GlobeNewswire News Room· 2024-11-05 22:00
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 ...
Kinross Gold to Report Q3 Earnings: What's in the Offing for the Stock?
ZACKS· 2024-11-01 20:01
Kinross Gold Corporation (KGC) is scheduled to release third-quarter 2024 results after the closing bell on Nov. 5.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of roughly 29.2%, on average. KGC posted an earnings surprise of roughly 7.7% in the last reported quarter.KGC’s shares are up 90.2% over a year compared with the Zacks Mining – Gol ...
Kinross Gold (KGC) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-10-29 15:06
Kinross Gold (KGC) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Novemb ...
Kinross Gold (KGC) Upgraded to Strong Buy: Here's Why
ZACKS· 2024-10-25 17:00
Kinross Gold (KGC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investor ...