Here's Why Kinross Gold (KGC) is a Strong Momentum Stock

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through various research services [1] - The Zacks Style Scores are designed to help investors identify stocks with the potential to outperform the market within a 30-day timeframe [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [2][3][4] - Value Score identifies undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score assesses a company's financial health and future growth potential based on earnings and sales projections [3] - Momentum Score tracks price trends and earnings estimate changes to identify high-momentum stocks [3] - VGM Score combines the three styles to highlight stocks with attractive value, growth, and momentum characteristics [4] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to facilitate stock selection, 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 investment potential [6] Company Spotlight: Kinross Gold Corporation (KGC) - Kinross Gold, a leading gold mining company based in Ontario, Canada, 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, indicating solid performance potential [7] - The company has seen a positive momentum, with a Momentum Style Score of A and an 11% increase in share price over the past four weeks [7] - Analysts have revised KGC's earnings estimate upwards, with the Zacks Consensus Estimate rising by $0.18 to $0.51 per share, and an average earnings surprise of 46% [7][8]