Why Kinross Gold (KGC) is a Top Value Stock for the Long-Term

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through various resources like daily updates, research reports, and stock screens [1] Zacks Style Scores - The Zacks Style Scores categorize stocks into four ratings: A, B, C, D, or F, with A being the highest and indicating a better chance of outperforming the market [2] - The four categories of Style Scores include: - Value Score: Identifies attractive and discounted stocks using ratios like P/E and Price/Sales [2] - Growth Score: Focuses on a company's financial health and future outlook based on earnings and sales projections [2] - Momentum Score: Targets stocks with upward or downward trends in price or earnings, using factors like price change and earnings estimate changes [3] - VGM Score: Combines the three Style Scores to find stocks with the best value, growth, and momentum [4] Zacks Rank and Style Scores Integration - The Zacks Rank is a proprietary model that uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks averaging a 25.41% annual return since 1988, outperforming the S&P 500 [5] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while being cautious with 3 (Hold) ranked stocks [6] Company Spotlight: Kinross Gold (KGC) - Kinross Gold Corporation, based in Ontario, Canada, is a leading gold mining company with 2022 production of approximately 2 million gold equivalent ounces, primarily in the Americas [7] - KGC holds a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Value Style Score of B due to a forward P/E ratio of 14.18 [7] - Recent upward revisions in earnings estimates by analysts have increased the Zacks Consensus Estimate for KGC to $0.41 per share, with an average earnings surprise of 40.9% [7][8]