Why Kinross Gold (KGC) is a Top Value Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Kinross Gold (KGC)
Based in Ontario, Canada, Kinross Gold Corporation is primarily involved in the exploration and operation of gold mines. It ranks among the top 10 gold mining companies in the world with 2022 production of around 2 million gold equivalent ounces. The company's operations is primarily located in - the Americas (roughly 64% of 2022 production). It holds major assets in Canada, the United States, and is primarily involved in the exploration and operation of gold mines. Kinross also produces and sells silver.
KGC is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 14.2X for the current fiscal year compared to the Mining - Gold industry's P/E of 15.5X. Additionally, KGC has a PEG Ratio of 0.9 and a Price/Cash Flow ratio of 6.5X. Value investors should also note KGC's Price/Sales ratio of 1.7X.
Many value investors pay close attention to a company's earnings as well. For KGC, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $0.41 per share for 2023. Per share KGC boasts an average earnings surprise of 40.9%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding KGC to their portfolios.
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Kinross Gold Corporation (KGC) : Free Stock Analysis Report
