KGC - Kinross Gold Corporation

NYSE - NYSE Delayed Price. Currency in USD
3.1700
-0.0600 (-1.86%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close3.2300
Open3.2300
Bid3.1500 x 34100
Ask0.0000 x 28000
Day's Range3.1500 - 3.2500
52 Week Range2.3800 - 4.1200
Volume7,045,224
Avg. Volume11,458,411
Market Cap3.987B
Beta (3Y Monthly)-0.62
PE Ratio (TTM)N/A
EPS (TTM)-0.0200
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-03-19
1y Target Est4.06
Trade prices are not sourced from all markets
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  • 6 Cheap Stocks That Cost Less Than $10
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    6 Cheap Stocks That Cost Less Than $10

    [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.

  • GlobeNewswire6 days ago

    White Gold Corp. Commences Exploration on Vertigo Discovery and Newly Identified Targets along Vertigo Trend on JP Ross Property

    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.

  • Reuters6 days ago

    PRESS DIGEST- Canada-April 17

    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 ...

  • GlobeNewswire7 days ago

    Kinross announces changes to senior leadership structure

    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.

  • GlobeNewswire18 days ago

    Kinross to announce Q1 financial results on May 7, 2019

    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,.

  • Are Investors Undervaluing Kinross Gold (KGC) Right Now?
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  • 3 Reasons to Consider KGC Stock for Your Canadian Gold Play
    InvestorPlace28 days ago

    3 Reasons to Consider KGC Stock for Your Canadian Gold Play

    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.

  • Why Is Kinross Gold (KGC) Up 3.1% Since Last Earnings Report?
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  • Markit2 months ago

    See what the IHS Markit Score report has to say about Kinross Gold Corp.

    Kinross Gold Corp NYSE:KGCView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for KGC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting KGC. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold KGC had net inflows of $669 million over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • GlobeNewswire2 months ago

    Kinross announces appointment of new Chief Financial Officer

    NYSE:KGC) (“Kinross”) is pleased to announce today the appointment of Andrea S. Freeborough as Chief Financial Officer, effective May 1, 2019, to replace Tony S. Giardini, who will be leaving the Company by mutual agreement to pursue new opportunities. Mr. Giardini will work with the Company to support a seamless transition. “Tony has been a key senior leader at Kinross for more than six years and we thank him for his many valuable contributions to the Company and wish him success with his next roles.

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