Kinross Gold (KGC) Upgraded to Buy: Here's Why

Core Viewpoint - Kinross Gold (KGC) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][2][4]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][3][5]. - Kinross Gold's earnings estimates have seen a substantial increase, with a 48.5% rise in the Zacks Consensus Estimate over the past three months for the fiscal year ending December 2025, projected at $1.15 per share [7]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks averaging a +25% annual return since 1988 [6]. - Kinross Gold's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [9].