Kinross Gold Corporation (KGC) Hit a 52 Week High, Can the Run Continue?

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].