3.5000 0.00 (0.00%)
After hours: 4:02PM EDT
|Bid||3.4100 x 800|
|Ask||3.6000 x 3100|
|Day's Range||3.4100 - 3.5550|
|52 Week Range||2.3800 - 3.9800|
|Beta (3Y Monthly)||-0.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.99|
Kinross Gold (KGC) achieved all-in sustaining costs of $925 per ounce in the first quarter, reflecting an increase of 9.3% year-over-year and an improvement of 3.7% sequentially. It has guided for AISC of $995 per ounce with a variance of 5% to either side for 2019.
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce an update to its Mineral Resource Estimate on the White Gold property located in Yukon, Canada. Indicated Mineral Resource of 1,039,600 gold ounces within 14,330,000 tonnes at 2.26 g/t gold, and Inferred Mineral Resource of 508,700 gold ounces within 10,696,000 tonnes at 1.48 g/t gold, from the Golden Saddle (“GS”) and Arc deposits representing a 25% increase based on 2018 activities.
U.S. stocks have rocketed higher this week thanks to a sudden dovish tilt from Federal Reserve policy officials as the futures market screams for multiple rate cuts this year.Suddenly, the U.S. economy is looking uneven as a fiscal drag (President Donald Trump's tax cuts are fading), a deepening trade rift and weakness overseas taps the brakes on things like manufacturing activity.And just like that, instead of worrying about increasing regulation on big technology stocks or a disruption to global supply chains into and out of China, Wall Street is enjoying the sugar rush from the promise of another dose of ultra-cheap money from the Fed. They don't even play coy anymore -- they're just a bunch of liquidity junkies.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe U.S. dollar is weakening in response, as monetary malfeasance raises the risk of runaway inflation and higher commodity prices. * 7 Stocks to Buy That Don't Care About Tariffs Gold and silver stocks briefly caught a bid today in response, sending the metals up off recent technical support levels. While most of their share prices normalized, all of these stocks exhibit strong technical signals to watch into next week. Related mining stocks have pushed higher as well. Here are five gold stocks and silver stocks ready for new money: Harmony Gold Mining (HMY) Click to EnlargeShares of Harmony Gold Mining (NYSE:HMY)are rising up and off of support form its 50-week moving average, set for another challenge of its 200-week moving average and a possible end to a four-year downtrend.The company explores, develops, and processes gold producing properties in South Africa and Papua New Guinea.Shares were recently upgraded to overweight by analysts at JPMorgan. Back in December, the company and its Wafi-Galpu Joint Venture partner Newcrest Mining Limited signed an agreement with the Independent State of Papua New Guinea to proceed with the development of that new project. Kinross Gold (KGC) Click to Enlarge Shares of Kinross Gold (NYSE:KGC) are challenging their 200-day moving average, rising more than 40% off of their recent low in what looks like a setup for a run at the early 2018 highs near $4.75.Such a move would be worth a gain of nearly 40% from here. The company produces precious metals in its facilities throughout the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania.As of the end of 2018, the company has proven and probable mineral reserves of roughly 25.5 million ounces of gold. The company will next report results on July 31 after the close. Analysts are looking for earnings of two cents per share on revenues of $815.7 million. * 7 Stocks to Buy As They Hit 52-Week Lows When the company last reported on May 7, earnings of seven cents per share beat estimates by five cents despite a 12.4% decline in revenues. NovaGold Resources (NG) Click to Enlarge Shares of NovaGold Resources (NYSEAMERICAN:NG) are rising up and off of solid support going back to 2015, setting the stage for a challenge of the mid-2018 highs near $5, which would be worth a gain of roughly 20% from here. The company is focused on developing its Donlin Gold project.The company recently reported a loss of two cents per share, matching the estimates of two analysts, while reaffirming their forward guidance. The Donlin Gold project is a large, still undeveloped deposit about 280 miles northwest of Anchorage, Alaska.The deposit has proven and probable reserves estimates at 33.9 million ounces of gold and a rate of around 2.1 grams per ton. Barrick Gold (GOLD) Click to EnlargeShares of Barrick Gold (NYSE:GOLD)are rising off of a solid base of support near the $12-a-share level to once again attempt a breakout above its 200-week moving average that's been in play since late 2017.Earlier this month, management indicated that company leadership had met with government officials in Papua New Guinea to reaffirm their commitment to a mining lease extension set to expire on Aug. 16.The company will next report results on July 24 before the bell. Analysts are looking for earnings of eight cents per share on revenues of $2.1 billion. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% When the company last reported on May 8, earnings of 11 cents per share beat estimates by two cents on a 16.9% rise in revenues. First Majestic Silver (AG) Click to Enlarge Shares of First Majestic (NYSE:AG) are rallying off of multi-year support near the $5-a-share level, ready for a breakout above the 200-week moving average.The stock has basically gone nowhere since 2016, but looks ready to come out of hibernation. Analysts at B. Riley FBR recently initiated coverage, noting the stock offers significant leverage to silver prices.The company will next report results on Aug. 13 before the bell. Analysts are looking for a loss of two cents per share on revenues of $134.9 million.When the company last reported on May 9, earnings of a penny per share beat estimates by four cents on a 48.1% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 5 Gold and Silver Stocks Touching Intraday Highs appeared first on InvestorPlace.
Kinross Gold (KGC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
What Could Help Kinross Gold Outperform Peers in 2019?(Continued from Prior Part)Liquidity positionKinross Gold’s (KGC) liquidity position at the end of the first quarter of 2019 was $1.8 billion, out of which cash and cash equivalents were $406.9
What Could Help Kinross Gold Outperform Peers in 2019?(Continued from Prior Part)First-quarter cost performanceKinross Gold (KGC) reported all-in sustaining costs of $925 per ounce in the first quarter, reflecting an increase of 9.3% YoY but an
What Could Help Kinross Gold Outperform Peers in 2019?(Continued from Prior Part)Production growthKinross Gold (KGC) produced 606,031 gold equivalent ounces in the first quarter, a decline of 7.0% YoY. Three of its largest operations produced over
What Could Help Kinross Gold Outperform Peers in 2019?Kinross Gold’s earnings performanceKinross Gold (KGC) released its first-quarter earnings results after the market closed on May 7 and held its conference call on May 8.The company reported
TORONTO, May 08, 2019 -- Kinross Gold Corporation (TSX: K; NYSE: KGC) has announced the detailed voting results of the election of its Board of Directors, which took place at.
Kinross Gold Corp. (KGC) posted first-quarter results after the closing bell on Tuesday. It also beat GAAP earnings per share projections by 2 cents. Shares of Kinross Gold jumped 3.92% to $3.18 in after-hours trading.
The Toronto-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share. The results beat Wall Street expectations. The average estimate of ...
Delivered strong quarterly performance and on track to meet production and cost guidanceParacatu and Tasiast achieved record quarterly production and significantly lower costs.
Air Products' (APD) Industrial Gases - Americas unit is expected to benefit from higher volumes in Q2 earnings. However, lower activity from the Jazan project is a concern for the Global segment.
[Editor's Note: This story was previously published in February 2019. It has been updated and republished.]Cheap stocks are never "sure things." There are many cheaply traded companies, even penny stocks, under $10 right now that deserve to be there and will only get cheaper. Keep in mind that share value is all relative, however, among cheap stocks as well as expensive ones.For instance, Amazon (NASDAQ:AMZN) is worth about $1,865 per share right now. What will make it go up or down? Surely not its size alone, but rather its growth potential and Wall Street sentiment. The same is true for cheap stocks. You simply have to look deeper than the share price and explore the fundamentals and future growth potential.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYes, some picks have fallen from great heights, but the only thing that matters is where they go from here -- not whether they ever get back to all-time highs from a decade ago. * 10 S&P 500 Stocks to Weather the Earnings Storm Staying objective is important, and you should always do your own research. But if you're looking for tips on cheap stocks to invest in, here are a few names that haven't went out of style yet: Cheap Stocks to Buy: AgroFresh (AGFS)Source: Shutterstock Share Price (as of 4/18): ~$3.29AgroFresh Solutions (NASDAQ:AGFS) is one of the best cheap stocks to buy now to capitalize on increased demand for healthier eating.AgroFresh specializes in technologies to keep produce like apples and avocados fresh and attractive to customers. Considering how once-seasonal fruits and veggies are in continuous demand in every geography, this is a no-brainer investment no matter the price.But with shares well under $10 a share and with AGFS hovering just above two-year lows but coiling up, this is a lock for any investor looking for cheap stocks to buy now. Royal Bank of Scotland (RBS)Source: Elliott Brown Via FlickrShare Price (as of 4/18): ~$7.03Royal Bank of Scotland (NYSE:RBS) may sound like a crazy bet on this list of the best cheap stocks to buy now, given the continuing malaise surrounding Brexit and continued anemic growth in the U.K. and the nearby eurozone.However, keep in mind that getting an over $40 billion bank for under $8 a share at present prices is a rare occurrence. The last time we saw massive banks like this trade at bargains, patient investors made a killing.Think Bank of America (NYSE:BAC), which traded for $7 or so as recently as 2012 as investors shunned the stock in the wake of the financial crisis and continued troubles. Now, BAC trades for $30. * 7 Stocks to Buy for Spring Season Growth RBS provides the same potential opportunity for patient and determined investors, as its shares are trading for just 67% of book value. Kinross Gold (KGC)Source: Jeremy Vohwinkle via Flickr (Modified)Share Price (as of 4/18): ~$3.36Kinross Gold (NYSE:KGC) is a bit risky, but what cheap stock isn't an aggressive investment?After struggling to find traction last fall, gold prices have been moving sideways thanks to uncertainty in the markets about if stock market growth will continue. If we see a market correction or an increase in uncertainty across the summer, gold prices and KGC stock will benefit nicely.And unlike a junior miner without much room for error, Kinross is a $4-billion-plus company with much better access to credit and capital so don't worry about it imploding because of short-term volatility in gold prices. Harmonic (HLIT)Source: Shutterstock Share Price (as of 4/18): ~$5.68Harmonic (NASDAQ:HLIT) is a video and audio systems company that helps digital media companies and traditional broadcast outlets process and produce their content. As podcasts and streaming video become the norm, HLIT services are increasingly in demand, particularly as the video and soundbites of an intensely partisan media environment are difficult to ignore.HLIT is scheduled to turn a profit of just 10 cents per share this year, but that's much better than previous fiscal years in the red. And if predictions hold, Harmonic will post 22 cents in earnings-per-share next year, more than doubling! * 7 Stocks That Can Outperform for Years As American consumers increasingly use alternative media sources and those digital outlets try to meet demand with audio and video, Harmonic should see continued growth in 2017 and beyond. That makes HLIT one of the best cheap stocks to buy now. BlackRock Capital Investment (BKCC)Source: Shutterstock Share Price (as of 4/18): ~$6.12BlackRock Capital Investment (NASDAQ:BKCC) is not to be confused with its $67 billion parent, investment management company BlackRock (NYSE:BLK).The smaller and more focused BKCC is a business development company that provides loans to small- and mid-sized firms, and the regular payments on that debt can provide for a juicy revenue stream and fuel big dividends. Right now, the company pays more than 11% in annual yield.The risk is that those dividends could be cut, as they were reduced from 21-cents-per-share in 2016 to the current level and even that 21-cent payday was down from 26 cents back in 2014. And of course, there's also a risk of share declines if companies BKCC lends to can't make good on that debt.But a mammoth dividend yield and a great brand like Blackrock are reasons to give this cheap stock the benefit of the doubt.Furthermore, if you believe in an economic expansion, then more midsize companies will look to expand and tap into BlackRock Capital to fuel that growth.Source: Shutterstock Avon Products (AVP)Share Price (as of 4/18): ~$2.68Avon Products (NYSE:AVP) is hardly the powerful cosmetics brand it once was. But remember: Many cheap stocks are often cheap for a reason as they've fallen from previous highs.Just because Avon trades for under $4 a share right now doesn't mean it's doomed. Rather, it just means that investors need to get realistic about what to expect. And frankly, it's realistic to expect a nice double-digit gain from here, even if the company doesn't revisit 2013 levels over $20 ever again.That's because AVP is expected to grow revenues over the next couple of years, even if it's only in the low single digits. * 7 AI Stocks to Watch with Strong Long-Term Narratives Sure, Avon stock has fallen on hard times, but it's up over 80% since Dec. 24. This is one of the best cheap stocks to buy now based on its current valuation and outlook, so long as you can look past the pain of a few years ago. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Stocks to Buy as You Recalibrate Your Compass * 5 Stocks to Sell In November Amid Elections and Earnings * 3 Blue-Chip Stocks to Buy for Future Growth Compare Brokers The post 6 Cheap Stocks That Cost Less Than $10 appeared first on InvestorPlace.
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the "Company") is pleased to announce it has commenced its $13 million fully funded 2019 exploration program on its extensive 439,000 hectare land package, representing over 40% of the prolific White Gold District in Yukon, Canada. A total of 17,000m of diamond drilling and 7,500m of Reverse Circulation (“RC”) drilling is expected this season as part of the Company’s systematic data driven exploration plan backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC). Exploration activity has commenced on the JP Ross property focusing on expanding the footprint of the recent Vertigo discovery and other newly identified high priority targets along the 14km Vertigo Trend.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Kinross Gold Corp announced senior ...
The Company is streamlining its senior leadership team, with Lauren Roberts, Senior Vice-President and Chief Operating Officer, and Gina Jardine, Senior Vice-President, Human Resources, leaving the Company by mutual agreement. Paul Tomory will now be Executive Vice-President and Chief Technical Officer and broaden his portfolio to take on leadership of regional operations.
TORONTO, April 04, 2019 -- Kinross Gold Corporation (TSX:K; NYSE:KGC) plans to release its financial statements and operating results for the first quarter of 2019 on Tuesday,.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Gold prices continue to hold above $1,300. As I write this on Mar. 22, it will be the third straight week of gains for the precious metal, which is good news if you're Kinross Gold (NYSE:KGC) CEO J. Paul Rollinson, and fantastic news if you own KGC stock.Source: Jeremy Vohwinkle via Flickr (Modified)It's been a while since I've written about a gold stock but given the price trend seems to be moving higher, I couldn't help but take a look at one of Canada's larger gold producers. Once trading above $20 (August 2009) KGC stock is looking like an excellent value play at under $4.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere are three reasons why. * 7 Marijuana Stocks to Play the CBD Trend The Business Outlook is GoodOne of the last InvestorPlace writers I'd expect to be recommending Kinross stock is Josh Enomoto; he usually covers cryptocurrencies and other wacky technology. But he did do exactly that in November 2018, including it in a group of ten high-growth stocks for young investors (kidding aside, let me say that Josh's stock recommendations would look good in any portfolio, not just those for young investors, but I digress).What caught my eye was Josh's comment that Kinross met its second quarter 2018 results. Since Josh made the recommendations last November, the company's delivered its third- and fourth-quarter results. Several things stand out in fiscal 2018. First, the company met or exceeded its annual production guidance. It also met or came in under both its annual cost guidance and capital expenditures. These are all signs that the business is operating at a very efficient level. It's learned from an extended period of low gold prices. That can only help it as prices drift higher in the future. A second thing that stands out is the production efficiency of its mines. Paracatu in Brazil and Bald Mountain in Nevada both had record annual production while Tasiast in Mauritania set record production in the fourth quarter producing 91,548 gold equivalent ounces, 50% higher than a year earlier.Finally, in 2019, Kinross expects to produce 2.5 million gold equivalent ounces at the cost of $730 per ounce, both the same as this past year. The company projects the price of gold in 2019 will average $1,200 an ounce. If current prices hold or drift a little higher, its operating cash flow in 2019 should be higher than the $789 million it generated this past yearWith several projects on the go, 2019 should continue to hold considerable promise. A Sound Balance SheetKinross finished 2018 with $1.7 billion in total debt, $1.5 billion available on a revolving credit facility and $349 million in cash and cash equivalents. None of its debt is due before 2021, and it extended its revolver last July by one year to an August 2023 maturity. Liquidity isn't an issue for the company,which is good news as it continues to get some of its development projects ready for online production. In the past two years, it's had capital expenditures of $898 million and $1.04 billion in 2017 and 2018 respectively. The increase in 2018 was due to higher spending at Bald Mountain, Tasiast, and Round Mountain in Nevada. In 2019, it expects capital expenditures will be slightly higher at $1.05 billion. With plenty of cash flow and total debt that's a reasonable 39% of its market cap, Kinross has the financial stability to continue to develop existing and future properties. At less than $4 there doesn't appear much downside. Many of its financial metrics are lower than its peers. For example, its price-to-sales ratio is 1.35 while the industry average is 2.46. A Woman in the CFO ChairOn Mar. 4, Kinross announced that current Andrea Freeborough, the company's vice president of investor relations and development, would replace Tony Giardini who is leaving after more than six years in the job. Freeborough was instrumental in the company's purchase of two Brazilian hydroelectric plants that will save its Paracatu mine considerable costs. She was also named one of the 100 Global Inspirational Women in Mining in the UK in 2016. At Kinross since 2009, Freeborough is an excellent addition to the Kinross C-Suite. First, because she's good at her job, but also because it puts another woman in a senior position, and statistics show that companies with more women in upper management and on the board outperform those with less. The Bottom Line on KGC StockI'm with my colleague. It makes sense to have some commodities and precious metals in your portfolio to act as a counterbalance to all your other holdings. To that end, I believe Kinross is a reasonable bet at current prices. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post 3 Reasons to Consider KGC Stock for Your Canadian Gold Play appeared first on InvestorPlace.