Kinross Gold Stock Trading Cheaper Than Industry: Buy or Hold?

Kinross Gold Corporation’s (KGC) stock looks attractive from a valuation perspective. KGC is currently trading at a forward price/earnings of 11.13X, a roughly 11.2% discount compared with the Zacks Mining – Gold industry’s average of 12.54X. It also has a Value Score of A.The stock is currently trading at a roughly 9.7% discount to its 52-week high of $10.82, reached on Oct. 24, 2024, thanks to a surge in gold prices to new highs on U.S. election uncertainties and heightened geopolitical tensions.  Image S ...