Ultime notizie per Kinross Gold (NYSE:KGC) Azioni

Kinross Gold

Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.

Kinross Gold Corp

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Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver, which are rebounding after falling last week.

SBSW

Shares of precious metals stocks are trading lower as gold and silver drop amid a rise in the US dollar.

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SAND

Shares of metals and materials companies are trading lower. The sector may be reacting to China's recent stimulus efforts which have struggled to buoy the economy and business conditions.

Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.19 by 26.32 percent. The company reported $1.432 billion in sales this quarter. This is a 29.95 percent increase over sales of $1.102 billion the same period last year.

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Kinross Gold Q3 2024 Adj. EPS $0.24 Beats $0.19 Estimate, Sales $1.432B Up From $1.102B YoY

Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) has outperformed the market over the past 5 years by 3.37% on an annualized basis producing an average annual return of 17.17%. Currently, Kinross Gold has a market capitalization of $13.10 billion. 
Buying $100 In KGC: If an investor had bought $100 of KGC stock 5 years ago, it would be worth $224.15 today based on a price of $10.66 for KGC at the time of writing.
<h3>Kinross Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729879218_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $100 In This Stock 5 Years Ago, You Would Have $200 Today

Shares of gold and silver companies are trading higher. Precious metals have recently gained on macro uncertainty amid Middle East conflict and the upcoming US presidential election.

Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) has outperformed the market over the past 10 years by 3.13% on an annualized basis producing an average annual return of 14.49%. Currently, Kinross Gold has a market capitalization of $13.03 billion. 
Buying $1000 In KGC: If an investor had bought $1000 of KGC stock 10 years ago, it would be worth $3,940.45 today based on a price of $10.60 for KGC at the time of writing.
<h3>Kinross Gold's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729526452_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,900 Today

SSRM

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver.

Jefferies analyst Matthew Murphy maintains Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) with a Hold and raises the price target from $9 to $10.

Price Target

Analyst Ratings

Jefferies Maintains Hold on Kinross Gold, Raises Price Target to $10

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Shares of gold companies are trading higher following a spike in the price of the safe haven asset after Iran launched a missile attack on Israel.

Shares of precious metals companies are trading lower amid a pullback in gold and silver.

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

Source: <a href="https://www.streetwisereports.com/article/2024/09/20/new-data-point-to-two-types-of-mineralization-at-property.html?utm_medium=feed">Streetwise Reports 09/20/2024</a>
Sampling results showed that this Chilean project could host high-grade copper and precious metal deposits, which would bode well for its economic viability. Find out why one newsletter writer believes this company is a Buy.
Preliminary results of Vortex Metals Inc.&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vmssf#OTC">VMSSF</a>) recent surface sampling program at the brownfield Illapel copper project in Chile, indicate the presence of copper, silver, and gold mineralization, as announced in a news release.
&quot;[The company] put out some fairly impressive soil sample results yesterday morning&quot; Michael Ballanger of GGM Advisory Inc. wrote in a Sept. 18 article. &quot;They were recovered from a brand new area of the Illapel property.&quot;
Vortex Metals Director Dr. John Larson and his team collected 13 surface samples from several key areas in the project concessions and sent them to ALS Global, a laboratory in Santiago, for multielement analysis. The team also collected bulk samples from which to produce standards for quality control in future drill core analysis.
Eight of the surface samples showed copper, gold, and silver mineralization. Some samples demonstrated elevated levels of associated elements, including iron, molybdenum, and cobalt. Some of the standout results showing high grades are:
<ul>
<li>0.62 grams per ton (0.62 g/t) gold and 1.33% copper in sample 1021</li>
<li>75.2 g/t silver and 4.31% copper in sample 1019</li>
<li>32.6 g/t silver, 0.21 g/t gold, and 5.85% copper in sample 1029</li>
</ul>
The findings overall confirm that the Illapel concessions may host at least two distinct styles of mineralization: mantos (predominantly copper-silver mineralization) and epithermal vein systems (copper-gold mineralization), the release pointed out. Illapel&#39;s potential to host high-grade copper and precious metals deposits suggests the economic viability of future projects, according to the company.
<h2>Diversified Exploration Portfolio</h2>
Vortex Metals is a copper-focused explorer-developer with a diversified portfolio of exploration projects in Chile and Mexico. The discovery-driven company believes there has never been a better time to invest in copper-gold exploration, it noted in its presentation.
The Illapel project comprises three mineral leases over about 6,000 hectares in Chile&#39;s Choapa province, not far from the community of Illapel. The area boasts sufficient infrastructure and is conducive to year-round drilling, noted Technical Analyst Clive Maund in a Sept. 9 report.* The fully permitted project is in &quot;a most promising copper-rich area&quot; and &quot;can be said to have &#39;blue sky&#39; potential.&quot;
Specifically, Illapel is near the fully operational Rio 27 copper-silver mine, from which favorable geology runs north and south. Rio-27 has been in production for more than 10 years and has processed 400,000 tons of high-grade copper (averaging 1.39%) and silver (about 7 g/t) ore, Ballanger wrote.
&quot;This property is a favorite of ex-BHP Billiton Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>) Chilean country manager John Larson, whose 16 years with the multinational giant afforded him many &#39;looks&#39; at properties of merit in the Andean copper belt&quot; he added.
Vortex holds an option to acquire up to an 80% interest in Illapel including right of first refusal on the Rio 27 mine and processing facility, Maund explained.
Illapel is also near Sociedad Punta del Cobre&#39;s US$380 million (US$380M) El Espino copper-gold mine, where annual production is estimated to be 26,000,000 tons of copper and 13,000 ounces of gold.
Vortex also owns 100% of Riqueza Marina and Zaachila in an emerging copper belt in Oaxaca, Mexico, through its subsidiary, Empresa Minera Acagold SA de CV. Both of these, drill ready, copper-gold volcanogenic massive sulphide projects, hold potential for significant copper discovery.
The team advancing these assets has successfully developed and exited several exploration projects, including Underworld Resources, sold to Kinross Gold Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kgc#NYSE">KGC</a>) for CA$139M.
<h2>Copper Price To Remain Strong</h2>
The global copper market is expected increase in value by more than 50%, reaching US$259 billion (US$259B), up from US$170B in 2022, according to Statista.
Bank of America analysts predict the copper price will climb past US$10,000 per ton by 2025, Mining.com reported in a Sept. 17 article. (It is now about US$9,266 per ton.) The price will remain strong, they assert, given high demand, constrained supply, and rising investment in energy transition projects.
Marin Katusa of Katusa Research wrote in a recent article, &quot;Copper has become indispensable.&quot; From electric vehicles to renewable energy systems, its role in the global economy is critical. The ongoing electrification of the world depends heavily on copper, and this dependence is only set to grow.&quot;
This is good news for copper exploration companies, particularly those with a copper-gold porphyry deposit. These deposits, according to Investing News Network, are &quot;among the world&#39;s most valuable deposits&quot; because they contain the largest known exploitable concentrations of copper.
Maund pointed out that junior exploration companies with worthwhile assets likely will become takeover targets.
INN explained in another article, &quot;Due to their size and scope, copper porphyry deposits have the potential to become large-tonnage, low-cost operations based on mineralization.&quot;
According to Katusa, demand for &quot;the engine of the green economy&quot; is &quot;unstoppable&quot; and a supply crunch is inevitable, as indicated by three metrics. They are the rapid decline in days of forward consumption of copper, the long-term global market balance for copper moving toward a deficit and a slowing of global mine production of copper. From 2015 to 2023, only 18,000,000 (18 Mt) of copper were discovered versus 28 Mt in 2014 alone.
While demand for the red metal is increasing, supply remains constrained. Joe Austin, senior analyst at Chaikin Analytics, reported that the copper supply is expected to start declining after peaking at some point in the next two years, according to the International Energy Agency. The agency estimates a copper shortfall of about 7 Mt by 2035, about a third of the output forecasted for that year.
&quot;By 2040, the available supply of copper will be roughly two-thirds of what we produce today. But by then, the demand for copper will have soared far higher than where it is today&quot; Austin wrote.
This anticipated tightening of the copper market is likely to cause a price surge, Katusa purported.
<h2>The Catalyst: Drill Results</h2>
Phase 1 drilling, comprising 3,000 meters, at Illapel is underway to systematically evaluate and advance several high-priority targets within the project area, noted a previous news release.
&quot;It probably won&#39;t be long until results from it start coming in, which could clearly act as a catalyst for the stock&quot; Maund wrote.
<h2>&quot;Stock in Buying Territory&quot;</h2>
Both Ballanger and Maund are bullish on Vortex Metals. In his recent report, Ballanger highlighted that the company&#39;s stock is &quot;dirt cheap&quot; and thus, now was a good time to buy.
&quot;I think it will be a solid performer by the end of the year&quot; he added.
Similarly, Maund wrote recently that the stock is in buying territory, based on its charts. In addition, Vortex is well poised to benefit from the current, major bull markets in copper and gold and the momentum in each that is expected soon.
&quot;This being so, [Vortex&#39;s] stock is regarded as most attractive here following its dip back to a foundation of strong support that is expected to propel an advance to much higher levels&quot; wrote Maund.
<h2>Ownership and Share Structure</h2>
According to Reuters, four strategic entities own 7.84%, or 6.28 million (6.28M) shares, of Vortex. They are Director Michael Williams with 3.6% or 2.88M shares, Cofounder, Chief Executive Officer, and Director Vikas Ranjan with 2.5% or 2M shares, Roger Zelong with 1.07% or 0.86M shares and Director John Larson with 0.67% or 0.54M shares.
One institution, AIPM Azur International Portfolio Management AG, holds 0.94% or 0.75M shares.
Retail investors own the remaining 91.22% of Vortex.
The company has 80.05M outstanding shares and 77.37M free float traded shares.
Its market cap is CA$5.88M, and its 52-week trading range is CA$0.07&ndash;CA$0.15 per share.
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Vortex Metals Inc.</li>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research.</li>
<li>Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
<li>* Disclosure for the quote from the Clive Maund article published on September 9, 2024</li>
<li>For the quoted article (published on September 9, 2024), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,575.</li>
<li>Author Certification and Compensation: [Clive Maund of clivemaund. com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed</li>
</ol>
Clivemaund. com Disclosures
The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

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New Data Point to Two Types of Mineralization at Property

Shares of precious metals stocks are trading higher as gold and silver rise after the Fed on Wednesday cut rates by 50 basis points.

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares rocketed 98.32% after the company announced it raised&nbsp;<a href="https://www.benzinga.com//node/40833208" target="_blank" rel="noreferrer noopener">$235 million&nbsp;in net proceeds</a>.</li>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) stock gained 31.77% in the last week after GSK halted development of the Herpes Simplex Virus Vaccine, clearing the path for other contenders like Moderna and BioNTech.</li>
<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock jumped 28.38% as several analysts raised<a href="https://www.benzinga.com/quote/app/analyst-ratings" target="_blank" rel="noreferrer noopener"> the price target on the stock</a>.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) stock escalated 21.37%. The stock possibly jumped amid sympathy with Petco Health and Wellness Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) after the company <a href="https://www.benzinga.com//node/40822147" target="_blank" rel="noreferrer noopener">reported&nbsp;financial results</a>.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares increased 20.81%. The stock may be up amid a <a href="https://www.benzinga.com//node/40852990" target="_blank" rel="noreferrer noopener">rebound in some chip stocks</a>.</li>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) shares gained 20.50% after Raymond James initiated coverage on the stock with an Outperform rating and announced <a href="https://www.benzinga.com/quote/arm/analyst-ratings" target="_blank" rel="noreferrer noopener">a $160 price target</a>.</li>
<li>MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock upped 18.74% after the company announced purchasing 18,300 bitcoins (CRYPTO: BTC/USD).</li>
<li>Kinross Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) shares increased 17.14% after the company announced it completed a Preliminary Economic <a href="https://www.benzinga.com//node/40788842" target="_blank" rel="noreferrer noopener">Assessment for the Great Bear project</a>.</li>
<li>Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) stock gained 17.10% in the last week on continued strength after a recently announced multi-year partnership with Charter to integrate linear video and streaming services to enhance flexibility and value in video bundles.</li>
<li>Vertiv Holdings, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) stock upped 17.02%.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/large-cap/24/09/40869968/moderna-tyson-foods-and-adobe-are-among-top-10-large-cap-stock-losers-last-week-sep-8-sep-14-are-t">Moderna, Tyson Foods And Adobe Are Among Top 10 Large Cap Stock Losers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?</a></li>
</ul>
Image via Chewy

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Chewy, Broadcom And MicroStrategy Are Among Top 10 Large Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the US dollar following recent inflation data.

Newmont Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>) shares have rallied 24.8% in the past three months, outperforming the Zacks Mining &ndash; Gold industry&#39;s rise of 12.4%. Forecast-topping earnings performance in the second quarter on the back of higher selling prices and production, along with a surge in gold prices, has contributed to the run-up in NEM&#39;s shares.
The stock is currently trading at a roughly 6% discount to its 52-week high of $53.88, reached on Aug. 30, 2024.
Technical indicators show that NEM has been unremittingly trading above the 200-day simple moving average&nbsp;since April 23, 2024. After a series of ebbs and flows, the stock broke the 50-day SMA on July 3, 2024.&nbsp; Following a golden crossover on May 13, 2024, the 50-day SMA continues to read higher than the 200-day moving average, manifesting a bullish trend, with the 200-day SMA acting as the support level.
<h2>Newmont&#39;s Shares Trade Above 50-Day SMA</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a7/77086.jpg?v=2064703259" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
Is the time right to buy NEM&#39;s shares for potential upside? Let&#39;s take a look at the stock&#39;s fundamentals.
<h2>NEM Stock Well Poised on Key Projects &amp; Newcrest Buyout</h2>
Newmont continues to invest in growth projects in a calculated manner. The company is pursuing several projects, including Tanami Expansion 2 in Australia, the Ahafo North expansion in Ghana and Cadia Block Caves in Australia. These projects should expand production capacity and extend mine life, thereby driving revenues and profits.
The acquisition of Newcrest Mining Limited has also created an industry-leading portfolio with a multi-decade gold and copper production profile in the most favorable mining jurisdictions globally. The combination of Newmont and Newcrest is expected to deliver significant value for shareholders and generate meaningful synergies, with $500 million in total annual pre-tax benefits expected by the end of 2025. NEM also remains on track to meet its 2024 gold production target of around 6.9 million ounces with solid performances of its managed Tier 1 assets and contributions of the sites acquired from the Newcrest buyout.
<h2>Solid Financial Health Supports NEM&#39;s Capital Allocation</h2>
Newmont has a strong liquidity position and generates substantial cash flows, which allows it to fund its growth projects, meet short-term debt obligations and drive shareholder value. At the end of the second quarter of 2024, Newmont had liquidity of $6.8 billion, including cash and cash equivalents of around $2.6 billion. Its operating cash flow more than doubled year over year to around $1.4 billion. NEM also generated $594 million in free cash flow and returned roughly $539 million to its shareholders through dividends and share buybacks in the quarter.
As a leading gold producer, Newmont also stands to benefit significantly from the record-setting upswing in gold prices, which should boost its profitability and drive cash flow generation. Gold prices are hitting record highs this year, and the yellow metal has been among the best-performing assets.
Prices skyrocketed to surpass the $2,500 per ounce level for the first time on Aug. 2, 2024, as ebbing inflation raised hopes of a U.S. interest rate cut in September. Increased tensions in the Middle East and concerns over an economic slowdown also fueled safe-haven demand. Prices rallied to a record high of $2,531.70 per ounce on Aug. 20, 2024, on growing Fed rate cut expectations.
NEM offers a healthy dividend yield of 2% at the current stock price. Its payout ratio is 47% (a ratio below 60% is a good indicator that the dividend will be sustainable), with a five-year annualized dividend growth rate of 15.5%. Backed by strong cash flows and sound financial health, the company&#39;s dividend is perceived to be safe and reliable.
<h2>NEM&#39;s Higher Production Costs A Concern</h2>
Newmont is being challenged by higher production costs, which will likely weigh on its margins over the near term. Its gold costs applicable to sales rose roughly 13% year over year in 2023. Newmont also saw a 19% surge in all-in-sustaining costs &mdash; the most important cost metric of miners. Both cost metrics increased year over year in the second quarter of 2024. The impacts of increased direct operating costs are leading to cost inflation. Higher materials, labor and contract services costs, despite easing somewhat lately, remain as concerns.
<h2>Newmont&#39;s Earnings Estimates Going Up</h2>
Earnings estimates for NEM have been going up over the past 60 days, reflecting analysts&#39; optimism. The Zacks Consensus Estimate for 2024 and 2025 have been revised upward over the same time frame.&nbsp; 
The Zacks Consensus Estimate for 2024 earnings is currently pegged at $2.82, reflecting an expected year-over-year growth of 75.2%. Earnings are expected to register a roughly 20.6% growth in 2025. NEM has a long-term EPS growth rate of 48.5% versus 28.1% for its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/14/77088.jpg?v=2120108024" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>NEM&#39;s Valuation: A Bit Stretched But Reasonable</h2>
Newmont is currently trading at a forward 12-month earnings multiple of 15.74X, a roughly 4.9% premium to the industry average of 15X. The valuation looks reasonable, considering the company&#39;s healthy earnings trajectory.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/97/77087.jpg?v=980756600" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>Newmont Outperforms S&amp;P 500</h2>
Thanks to the rally in gold prices, NEM&#39;s shares have racked up a gain of 22.6% year to date, underperforming the industry&#39;s 24% rise but topping the S&amp;P 500&#39;s rise of 13.3%. Its gold mining peers, Barrick Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>), Agnico Eagle Mines Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aem#NYSE">AEM</a>) and Kinross Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kgc#NYSE">KGC</a>), have gained 6.6%, 41.8% and 40.8%, respectively, over the same period.
<h2>NEM&#39;s YTD Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1e/77085.jpg?v=839872447" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
<h2>How Should Investors Play the NEM Stock?</h2>
NEM presents an attractive investment case backed by a robust portfolio of growth projects, solid financial health and bullish technicals. Other positives include a healthy growth trajectory, rising earnings estimates and an attractive dividend yield. Rallying gold prices should also boost NEM&#39;s profitability and drive cash flow generation. Despite the upbeat growth prospects, its high production costs warrant caution. Holding onto this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it.
<a href="https://www.zacks.com/stock/news/2333834/does-newmont-s-25-gain-in-3-months-justify-buying-the-stock-now?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2333834">To read this article on Zacks.com click here.</a>

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Does Newmont's 25% Gain in 3 Months Justify Buying the Stock Now?

Kinross Gold shares are trading higher after the company announced it completed a Preliminary Economic Assessment for the Great Bear project.

Annual production over 500,000 ounces1 Impressive margins with low AISC2 of ~$800/oz Drilling beyond PEA inventory shows high-grade mineralization at depth
TORONTO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (TSX:<a class="ticker" href="https://www.benzinga.com/stock/K#TSX">K</a>, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) ("Kinross" or the "Company") today is pleased to provide an update on the Great Bear project (the "Project"), located in Red Lake, Ontario, Canada.
&nbsp;
Kinross has completed a Preliminary Economic Assessment (PEA) for the Great Bear project which supports the Company's acquisition thesis of a top tier high-margin operation in a stable jurisdiction with strong infrastructure. Based on mineral resources drilled to date, the PEA outlines a high-grade combined open pit and underground mine with an initial planned mine life of approximately 12 years and production cost of sales3 of $594 per ounce. The Project is expected to produce over 500,000 ounces per year at an all-in sustaining cost (AISC)1 of approximately $800 per ounce during the first 8 years through a conventional, modest capital 10,000 tonne per day (tpd) mill.

TSX:K

Kinross Completes Great Bear Preliminary Economic Assessment; Annual Production Over 500K Ounces; Margins With Low AISC Of ~$800/oz; Drilling Beyond PEA Inventory Shows High-Grade Mineralization At Depth

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Analysts Offer Insights on Materials Companies: Ternium SA (TX), Pan American Silver (PAAS) and Kinross Gold (KGC)

In a report released today, Tanya Jakusconek from Scotiabank maintained a Buy rating on Kinross Gold (KGC – Research Report), with a price target o...

Scotiabank Remains a Buy on Kinross Gold (KGC)

CIBC analyst Anita Soni maintained a Buy rating on Kinross Gold (KGC – Research Report) today and set a price target of $12.00. The company's share...

CIBC Reaffirms Their Buy Rating on Kinross Gold (KGC)

Kinross Gold Corporation (KGC) Q3 2024 Earnings Call Transcript

Kinross Gold: Rapid Deleveraging Helped By Record Gold Prices

The gold industry is well-poised to reap rewards from robust demand and expanding application. Also, gold stocks provide an indirect way to hedge against inflation, as they tend to perform relatively well when inflation is high and economic uncertainty increases. So, quality gold mining stocks Agnico Eagle Mines (AEM), Barrick Gold (GOLD), and Kinross Gold (KGC) could be ideal investments. Continue reading… Inflation is constantly among the major concerns in the U.S. economy, weakening the consumers' spending power. Also, current geopolitical tensions and upcoming elections are spurring further turmoil in the market. Amid this, investors generally incline more towards resilient asset classes like gold to hedge against inflation and market downtrends.
Against this backdrop, investors could consider buying fundamentally sound gold mining stocks Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>), Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), and Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGC</a>) as an inflation hedge in 2024.
During September 2024, <a href="https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/#:~:text=The%20annual%20inflation%20rate%20in,has%20weakened%20in%20recent%20years.">the consumer price index was up by 2.4%</a> as compared to September 2023. The inflation levels have been severely concerning since 2022 because of COVID-19, supply chain restraints, and the Russian invasion of Ukraine.
Amid this, demand for metals and minerals has seen strong growth in recent periods, owing to increasing production activities, improving efficiency through technologies, and rapid economic growth. Also, as the election season is approaching, the market is expected to undergo higher volatility, urging investors to lean towards resilient investment alternates like Gold.
For a long time, gold has remained a safe haven asset for its historical resilience, price appreciation, and use in the form of jewelry and as an investment. Central bank gold purchasing and increasing use of gold in technology are clear indicators of the same.
During the second quarter, <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q2-2024">Central Bank net gold buying surged by 6%</a> year-over-year at 183 tonnes for portfolio protection and diversification, while gold used in technology jumped 11% year-over-year with recent uptrends in Artificial Intelligence (AI). Also, escalating geopolitical tensions and lower U.S. interest rates are increasing the appeal of yellow metal in the market.
Considering the industry's conducive trends, let's delve into the fundamentals of the top three <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> stocks, starting with the third choice.
Stock #3: Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>)
Headquartered in Toronto, Canada, AEM is engaged in the exploration, development, and production of precious metals. Its mines are located in Canada, Australia, Finland, and Mexico, and they have exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.
On October 25, AEM agreed to subscribe to 33,869,939 units of ATEX Resources Inc. (ATX) at a price of C$1.63 per Unit for a total consideration of US$40,000,000. Each Unit is comprised of one common share of ATEX and one-half of one common share purchase warrant of ATEX.
The investment in ATEX is consistent with AEM's historical practice of strategic equity investments in projects bearing high geological potential, and it offers AEM exposure in an early-stage copper-gold exploration project in Chile, an established mining jurisdiction.
On July 15, AEM entered into a transaction with First Nordic Metals Corp. (FNM) to acquire 27,954,872 common shares of FNM. After the transaction, AEM owned 29,413,166 common shares of FNM, representing approximately 13.25% of the issued and outstanding common shares.
Also, on June 24, AEM acquired an additional 33,821,842 common shares of Maple Gold Mines Ltd. on June 21, 2024, at a price of $0.085 per common share for a total consideration of approximately $2.87 million from several sellers that acquired the common shares in connection with an offering of flow-through common shares issued by Maple.
The share purchase brought AEM's holding to 74,674,257 common shares, representing around 19.9% of the issued and outstanding common shares.
During the second quarter, which ended June 30, 2024, AEM's revenues from mining operations increased by 20.9% from the year-ago value to $2.08 billion. The company's adjusted net income totaled $535.27 million and $1.07 per share, indicating increases of 68.2% and 64.6% from the prior year's period, respectively. Its adjusted EBITDA was $1.18 billion, up 32.9% year-over-year.
Furthermore, the company's <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> rose 86.7% from the year-ago value to $557.24 million.
Analysts expect AEM's revenue and EPS for the third quarter (ended September 2024) to grow 28.7% and 132.7% year-over-year to $2.11 billion and $1.02, respectively. Also, the company has surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Over the past six months, AEM's stock has surged 33.8% and 78% over the past year to close the last trading session at $86.88.
AEM's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
AEM has an A grade for Sentiment and a B for Growth. It is ranked #12 out of 42 stocks in the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry.
To check additional AEM POWR Ratings for Value, Quality, Stability, and Momentum, <a href="https://stocknews.com/stock/AEM/">click here</a>.
Stock #2: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
Based in Toronto, Canada, GOLD is in the exploration, mine development, production, and sale of gold and copper properties internationally. It also explores and sells silver and energy materials. The company holds ownership interests in producing gold mines in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the U.S.
On October 16, GOLD reported preliminary third-quarter production of 943 thousand ounces of gold and 48 thousand tonnes of copper and preliminary third-quarter sales of 967 thousand ounces of gold and 42 thousand tonnes of copper.
The company stated that preliminary third-quarter gold production was in line with the second quarter. Also, a sequential improvement of 23% on continued plant optimization was delivered by Pueblo Viejo, and North Mara had a stronger quarter driven by higher grades.
On October 2, GOLD launched a $2 billion Super Pit project at its Lumwana copper mine, inaugurated by Zambian President Hakainde Hichilema. The Super Pit Expansion is expected to begin construction in 2025. Upon completion, the project will unlock the potential to transform Lumwana into a long-life, high-yielding, top-25 copper producer and a Tier 1 copper mine.
The development could grow GOLD's copper output, strengthen its asset base, and support its long-term growth in the copper market.
GOLD's revenues for the second quarter, which ended June 30, 2024, increased 11.6% year-over-year to $3.16 billion. The company's attributable EBITDA grew 30.5% year-over-year to $1.29 billion. Its adjusted net earnings came in at $557 million and $0.32 per share, up 65.8% and 68.4% from the year-ago value, respectively.
Analysts expect GOLD's revenue and EPS for the third quarter (ended September 2024) to increase 16.6% and 31.4% year-over-year to $3.34 billion and $0.32, respectively. Also, the company topped the consensus EPS estimates in all of the trailing four quarters.
Over the past six months, the stock has surged 14.8% and 18.3% over the past year to close the last trading session at $19.61.
GOLD's robust outlook is reflected in its POWR Ratings. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
The stock has a B grade for Sentiment and Quality. It is ranked #10 among the 42 stocks within the B-rated Miners - Gold industry.
<a href="https://stocknews.com/stock/GOLD/">Click here</a> to check other GOLD ratings (Growth, Value, Stability, and Momentum).
Stock #1: Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGC</a>)
Headquartered in Toronto, Canada, KGC acquires, explores, and develops gold properties. The company operates several mines consisting of the Fort Knox mine and the Manh Choh project in Alaska, the Round Mountain and the Bald Mountain mines in Nevada, the U.S., the Paracatu mine in Brazil, and the La Coipa and the Lobo-Marte project in Chile.
On September 10, KGC completed a Preliminary Economic Assessment for the Great Bear project, which supports its strategy to acquire a top-tier, high-margin operation in a stable jurisdiction with robust infrastructure. The project is expected to produce over 500,000 ounces per year in the initial 8 years, achieving an all-in-sustaining cost (AISC) of approximately $800 per ounce.
During the second quarter that ended June 30, 2024, KGC's metal sales increased 11.6% year-over-year to $1.22 billion. The company's operating earnings grew 25.4% from the year-ago value to $298.30 million. Also, adjusted net earnings attributable to common shareholders stood at $174.70 million, up 4.2% year-over-year, while its adjusted EPS was $0.14 for the period.
Also, the company's attributable free cash flow increased 33.9% year-over-year to $345.90 million.
Analysts expect KGC's revenue and EPS for the third quarter (ending September 2024) to increase 10.2% and 32.4% year-over-year to $1.22 billion and $0.16, respectively. Furthermore, it has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of KGC have gained 63.8% over the past six months and 72% over the past year to close the last trading session at $8.91.
KGC's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
KGC has a B grade for Quality, Growth, and Sentiment. It is ranked #6 out of 42 stocks in the same industry.
To check other POWR Ratings of KGC for Momentum, Value, and Stability, <a href="https://stocknews.com/stock/KGC/">click here</a>.
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AEM shares were unchanged in after-hours trading Monday. Year-to-date, AEM has gained 61.23%, versus a 23.35% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/aem-gold-kgc-3-top-gold-mining-stocks-as-inflation-hedge-in-2024/>3 Top Gold Mining Stocks as Inflation Hedge in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top Gold Mining Stocks as Inflation Hedge in 2024

In a report released on November 11, Josh Wolfson from RBC Capital maintained a Hold rating on Kinross Gold (KGC – Research Report), with a price t...

Kinross Gold (KGC) Receives a Hold from RBC Capital

White Gold (WHGOF) announce an updated Mineral Resource Estimate for its flagship White Gold project located approximately 95 km south of Dawson Ci...

White Gold announces updated MRE for White Gold project

Amid global economic uncertainty and inflation levels, investing in sound gold mining stocks appears to be a smart strategy for defense investment portfolios. Against this backdrop, quality gold mining stocks Agnico Eagle Mines (AEM), Barrick Gold (GOLD), and Kinross Gold (KGC) could be ideal investments as a hedge against inflation. Continue reading... Gold prices largely remained on the upper side through 2024, reaching multiple all-time highs this year. This price rally is expected to continue in 2025, predicted to rise to $3,000 per troy ounce by end-2025. Amid this, investing in companies engaged in gold mining and selling could result in prosperity for investors.
Therefore, investors could consider fundamentally solid mining stocks Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>), Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), and Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGC</a>) for investment to hedge against inflation.
Considering the current year's market volatility and economic uncertainty, many investors are seeking ways to protect their investment portfolios; amidst this, one traditional hedge against inflation is gold. This is because during inflation, when consumer spending power tends to go down, gold emerges as a safe-haven asset, preserving investors' wealth.
The <a href="https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q3-2024">World Gold Council's latest report</a> for the third quarter of 2024 further favors this and paints an optimistic picture embedding the high potential of gold. Total gold demand increased 5% year-over-year to 1,313 tons, reaching a record for the third quarter. This surged the gold prices as well, resulting in a series of new record highs during the quarter.
Also, demand for gold in technology is continuously growing, as reflected by 7% year-on-year growth, <a href="https://www.gold.org/news-and-events/press-releases/global-gold-demand-reaches-record-high-value-over-us100-billion">fueled by growth in the electronics sector</a> stemming from the AI boom.
Therefore, investors could scoop up some of the high-potential gold stocks, which will act as a hedge against inflation and offer long-term growth opportunities.
Considering the industry's conducive trends, let's delve into the fundamentals of the top three <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> stocks, starting with the third choice.
Stock #3: Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>)
Headquartered in Toronto, Canada, AEM is a gold mining company engaged in the exploration, development, and production of precious metals. Its mines are located in Canada, Australia, Finland, and Mexico.
On October 25, AEM acquired 33,869,939 ATEX Resources Inc. (ATX) units at a price of C$1.63 per Unit for a total consideration of $40,000,000. Each unit comprises one common share of ATEX and one-half of one common share of the purchase warrant for ATEX.
The investment reflected AEM's strategic equity investments in projects bearing high geological potential, and it offered exposure to an early-stage copper-gold exploration project.
During the third quarter, which ended September 30, 2024, AEM's revenues from mining operations increased 31.2% year-over-year to $2.16 billion. The company's adjusted net income totaled $572.58 million or $1.14 per share, reflecting growth of 167.3% and 159.1% from the prior year's quarter, respectively. Its adjusted EBITDA came in at $1.26 billion, up 32.9% year-over-year.
Furthermore, the company's <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> rose 654.3% from the year-ago value to $620.43 million.
For the fourth quarter (ending December 2024), analysts expect AEM's revenue and EPS to grow 21.8% and 110.1% year-over-year to $2.14 billion and $1.20, respectively. Also, the company has surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
AEM's stock has gained 13% over the past six months and 64.6% over the past year to close the last trading session at $79.99.
AEM's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
AEM has a B grade for Sentiment, Quality, and Growth. It is ranked #13 out of 42 stocks in the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry.
To check additional AEM POWR Ratings for Value, Stability, and Momentum, <a href="https://stocknews.com/stock/AEM/">click here</a>.
Stock #2: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
Based in Toronto, Canada, GOLD internationally engages in the exploration, mine development, production, and sale of gold and copper properties. It also explores and sells silver and energy materials.
On November 7, GOLD declared a dividend of $0.10 per share for the third quarter of 2024. The dividend is payable on December 16, 2024, to shareholders of record at the close of business on November 29, 2024.
GOLD pays an annual dividend of $0.40, which translates to a yield of 2.33% at the current share price. Its four-year average dividend yield is 2.99%. Moreover, the company's dividend payouts have increased at a CAGR of 17.3% over the past five years.
On October 2, GOLD officially launched the Super Pit project at its Lumwana copper mine, inaugurated by Zambian President Hakainde Hichilema. The $2 billion Super Pit Expansion project is expected to begin construction in 2025. After completion, the project will explore the potential to transform Lumwana into a long-life, high-yielding, top-25 copper producer and a Tier 1 copper mine.
GOLD's revenues for the third quarter, which ended September 30, 2024, increased 17.7% year-over-year to $3.37 billion. Its attributable EBITDA rose 20.6% from the year-ago value to $1.29 billion. The company's adjusted net earnings amounted to $529 million and $0.30 per share, up 26.5% and 25% from the prior year's period, respectively.
Street expects GOLD's revenue for the fourth quarter (ending December 2024) to increase 41.7% year-over-year to $4.34 billion, while its EPS for the same period is expected to improve 80.5% year-over-year to $0.49. Moreover, the company topped the consensus revenue and EPS estimates in three of the trailing four quarters.
Over the past year, the stock has soared 8.9% to close the last trading session at $17.20.
GOLD's bright prospects are reflected in its POWR Ratings. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
The stock has a B grade for Growth and Quality. GOLD is ranked #10 in the list of 42 stocks within the same industry.
<a href="https://stocknews.com/stock/GOLD/">Click here</a> to check other GOLD ratings for Sentiment, Value, Stability, and Momentum.
Stock #1: Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGC</a>)
Headquartered in Toronto, Canada, KGC acquires, explores, and develops gold properties. The company operates several mines, including the Fort Knox mine and the Manh Choh project in Alaska, the Round Mountain and the Bald Mountain mines in Nevada, the U.S., the Paracatu mine in Brazil, and the La Coipa and the Lobo-Marte project in Chile.
On November 5, KGC's Board of Directors declared a dividend of $0.03 per common share for the third quarter of 2024. The dividend is to be paid on December 12, 2024, to shareholders of record as of the close of business on November 28, 2024. KGC's annual dividend of $0.12 translates to a yield of 1.23% at the current share price. Its four-year average dividend yield is 2.14%.
On September 10, KGC completed a Preliminary Economic Assessment (PEA) for the Great Bear project, which supports its strategy to acquire a top-tier, high-margin operation in a stable jurisdiction with robust infrastructure. The project expects an annual production of over 500,000 ounces per year in the initial 8 years, achieving an all-in-sustaining cost (AISC) of approximately $800 per ounce.
For the third quarter that ended September 30, 2024, KGC reported metal sales of $1.43 billion, up 29.9% year-over-year. Its operating earnings increased 142.1% from the year-ago value to $547.70 million. Adjusted net earnings attributable to common shareholders were $298.70 million and $0.24 per share, up 106.6% and 100% year-over-year, respectively.
Also, the company's attributable free cash flow grew 201.1% from the year-ago value to $414.60 million.
Analysts expect KGC's EPS for the fourth quarter (ending December 2024) to increase 105.5% year-over-year to $0.23. The company's revenue is expected to grow 36.1% year-over-year to $1.52 billion. Furthermore, KGC has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of KGC have increased 19.5% over the past six months and 83.3% over the past year to close the last trading session at $9.75.
KGC's POWR Ratings reflect its sound fundamentals. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
KGC has an A grade for Quality. The stock also has a B grade for Growth, Value, and Sentiment. It is ranked #3 out of 42 stocks in the B-rated Miners - Gold industry.
To check other POWR Ratings of KGC for Momentum and Stability, <a href="https://stocknews.com/stock/KGC/">click here</a>.
What To Do Next?
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AEM shares were trading at $82.33 per share on Tuesday afternoon, up $2.34 (+2.93%). Year-to-date, AEM has gained 52.99%, versus a 25.25% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/aem-gold-kgc-3-high-potential-gold-mining-stocks-to-hedge-against-inflation/>3 High-Potential Gold Mining Stocks to Hedge Against Inflation</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Potential Gold Mining Stocks to Hedge Against Inflation

Scotiabank raised the firm's price target on Kinross Gold (KGC) to $13 from $11 and keeps an Outperform rating on the shares. The firm has adjusted...

Kinross Gold price target raised to $13 from $11 at Scotiabank

WHGOF

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