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

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1][5] Zacks Style Scores - The Zacks Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each assessing stocks based on different investment methodologies [2][3][4] - Value Score identifies attractive stocks using ratios like P/E and Price/Sales, focusing on undervalued stocks [2] - Growth Score evaluates a company's financial strength and future outlook based on projected earnings and cash flow [2] - Momentum Score capitalizes on price trends and earnings outlook changes, indicating favorable times to invest [3] - VGM Score combines all three Style Scores, providing a comprehensive indicator for stock selection [4] Zacks Rank and Style Scores Integration - The Zacks Rank utilizes earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [6] Company Spotlight: Kinross Gold (KGC) - Kinross Gold Corporation, a leading gold mining company, produced approximately 2.1 million gold equivalent ounces in 2023, with 71% of production from the Americas [7] - KGC holds a Zacks Rank of 3 (Hold) and a VGM Score of A, with a Momentum Style Score of A, reflecting a 26.1% increase in share price over the past four weeks [7][8] - Analysts have revised KGC's earnings estimate upwards, with the Zacks Consensus Estimate increasing by $0.16 to $0.49 per share, and the company has an average earnings surprise of 46% [7]