|Bid||5.58 x 3200|
|Ask||5.58 x 3200|
|Day's Range||5.53 - 5.72|
|52 Week Range||3.48 - 7.02|
|Beta (3Y Monthly)||0.01|
|PE Ratio (TTM)||111.60|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.94|
It's been a nice run for Kinross Gold (NYSE:KGC) stock of late. Kinross Gold stock has gained 60% in a little over four months. And, it touched a three-year high earlier this month.Source: Shutterstock It's certainly possible the run could continue. Gold prices, too, have hit multi-year highs. Those higher prices can help near-term profits -- and the rally in yellow metal could continue amid worldwide recession fears.Kinross has several projects in development, which will boost production and revenue going forward. And valuation is reasonable, at roughly 7x 2019 earnings before interest, taxes, debt and amortization and 17x 2020 earnings per share estimates.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat said, there are risks. And one of the biggest is that we've been here before. The Case for Kinross Gold StockThe core reason why KGC stock has rallied of late is that higher gold prices have boosted the entire sector. In fact, other gold stocks have moved even higher. Eldorado Gold (NYSE:EGO) has been the biggest winner, more than tripling from late May to early September.But gold prices aside, there is a decent case for KGC stock. First-half results keep the company right on pace to meet 2019 guidance. Production should increase going forward, thanks to development efforts in Alaska, Russia and Nevada. * 10 Stocks to Sell in Market-Cursed September And the higher gold prices could lead a restart of operations in Chile. Kinross idled its mine in La Coipa in 2013, and is undertaking feasibility studies at its Lobo-Marte operation. With gold above $1,450 an ounce, both properties are almost certain to be profitable: The company estimated a 20% internal rate of return from La Coipa earlier this year.Those developments, along with ongoing operational improvements, should help Kinross lower its all-in sustaining costs. According to a recent investor presentation, Kinross' all-in sustaining costs are solid. But at nearly $1,000 an ounce, it's hardly spectacular on a peer basis.That figure can, and should, come down. And the increased gap between realized prices and all-in costs suggests higher profitability going forward -- and potentially an increased KGC stock price. The Gold Price RiskThat said, Kinross Gold stock has faded of late, dropping 9% in the last four sessions. The culprit is the same gold price that helped spark the recent rally.With gold just off a six-year high, the most obvious risk to KGC stock is that gold prices recede. The rally seems to have been driven by fears about rising geopolitical and economic risks.But the rally also has come in the face of two trends that are generally negative for gold: low inflation and a strong dollar. While the correlation of gold to inflation isn't as tight as conventional wisdom might suggest, that conventional wisdom alone often boosts prices.And so there's a risk that the big move in gold -- which has gained 16% in just four months -- could reverse. Should that happen, Kinross Gold stock is almost certain to fall. The Miner RiskBut there's another worry. This year, gold stocks like KGC stock have outperformed the big move in gold -- which is how miners should trade in theory.After all, miners are leveraged bets on gold prices. The roughly $200 move in gold over the past four months is a 16% increase. But it nearly doubles Kinross Gold's potential profitability.That leaves two obvious near-term risks. The first is that the converse is true: If gold does fall, KGC stock should fall even further, at least in theory.The second is that miners like Kinross Gold historically have done a terrible job of realizing that theoretical upside. Barrick Gold (NYSE:GOLD) has been one of the worst offenders, as I wrote last year. But it's far from the only one.Even KGC stock has badly underperformed gold over the past decade. Gold prices, as measured the SPDR Gold Trust (NYSEARCA:GLD), have risen 31%. Kinross Gold stock has declined 74%. That's worse than other miners, who haven't done well either. The VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) is down 41%, and the VanEck Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) 63%.Perhaps this time is different. Investors certainly believe so, as KGC has significantly outperformed gold over the past year. The big rally of late has allowed the stock to do so on a three- and five-year basis as well.But we've been here before. When gold spikes, gold mining stocks tend to rise sharply. The history of the sector over the past decade, however, is that miners eventually give back those gains, and then some. Kinross Gold stock, which hit a 14-year low in 2016, hasn't been immune. Is KGC Stock the Best Play?Finally, there's the question of whether Kinross Gold stock necessarily is the best play. Again, the case is intriguing, thanks to ongoing efficiency improvements and development opportunities.But for investors willing to bet on gold prices and gold miners, there are strong cases elsewhere, too. The merger of Randgold Resources and Barrick created a behemoth with massive scale, a better CEO, and industry-leading cash costs. Gold bulls also can look to juniors, who might be acquisition targets as industry optimism grows.Seabridge Gold (NYSE:SA), for instance, has limited geopolitical risk (its mines all are in North America) and a $869 million market cap that would be an easy, but still material, acquisition for gold majors. Streaming plays like Sandstorm Gold (NYSE:SAND) and Royal Gold (NASDAQ:RGLD) offer leverage to gold prices without execution risk.And, of course, investors can just buy gold, whether physically or through the GLD ETF. Given the industry's history -- which too often has shown a focus on rewarding executives, not shareholders -- investors looking for safety are better off going the direct route.Again, this time may be different for Kinross Gold. If gold prices hold up, and if Kinross executes, there's plenty of potential upside ahead for KGC stock. The problem, as history shows, is that those are both big "ifs."As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Be Careful With Kinross Gold Stock appeared first on InvestorPlace.
Rising volatility, rising credit risk, and rising recession risk all fuel demand for "chaos insurance" investments like gold, explains Mike Larson, editor of the industry-leading Safe Money Report.
Sandstorm Gold (SAND) delivered earnings and revenue surprises of -50.00% and -6.55%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
VANCOUVER, BC / ACCESSWIRE / August 12, 2019 / Sandstorm Gold Ltd. (“Sandstorm Gold Royalties”, “Sandstorm” or the “Company”) (NYSE American:SAND) (SSL.TO) has released its results for the second quarter ended June 30, 2019 (all figures in U.S. dollars). In addition, Sandstorm will also receive a 1.4% - 2.8% NSR royalty on the area surrounding the Relief Canyon mine.
VANCOUVER, BC / ACCESSWIRE / August 6, 2019 / Sandstorm Gold Ltd. (“Sandstorm Gold Royalties” or “Sandstorm”) (NYSE American:SAND, TSX:SSL) will release its 2019 second quarter results on Monday, August ...
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VANCOUVER, BC / ACCESSWIRE / July 2, 2019 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to report that the Company has sold approximately 16,400 attributable gold equivalent ounces1 during the second quarter of 2019, a record for the Company. Sandstorm has included a performance measure in this press release that does not have any standardized meaning prescribed by International Financial Reporting Standards (IFRS). As Sandstorm's operations are primarily focused on precious metals, the Company presents attributable gold equivalent ounces as it believes that certain investors use this information to evaluate the Company's performance in comparison to other mining companies in the precious metals mining industry who present results on a similar basis.
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
VANCOUVER, BC / ACCESSWIRE / June 25, 2019 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) is pleased to provide an update related to share repurchases under the Company's Normal Course Issuer Bid ("NCIB"), monetization of non-core equity investments, and recent developments from the Company's royalty portfolio. During the fourth quarter of 2018, Sandstorm announced a share buyback program to purchase up to 18.3 million of the Company's common shares. Since the announcement, Sandstorm has purchased approximately 7.9 million shares of the Company.
VANCOUVER, BC / ACCESSWIRE / June 7, 2019 / The Annual General and Special Meeting of Shareholders of Sandstorm Gold Ltd. (the "Meeting") was held today, June 7 in Vancouver, British Columbia ...
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of December. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
The Vancouver, British Columbia-based company said it had net income of 1 cent per share. The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...
Given the gold production outperformance in the first quarter of 2019, B2Gold Corp (BTG) expects to produce between 935,000 and 975,000 ounces of gold in 2019.
VANCOUVER, BC / ACCESSWIRE / May 7, 2019 / Sandstorm Gold Ltd. ("Sandstorm Gold Royalties," "Sandstorm" or the "Company") (NYSE American: SAND, TSX: SSL) has released its results for the first quarter ended March 31, 2019 (all figures in U.S. dollars). In January 2019, the Company acquired a 0.9% net smelter returns ("NSR") royalty on the precious metals produced from the Fruta del Norte gold project in Ecuador, which is currently under construction and owned by Lundin Gold Inc. ("Lundin Gold"). The royalty was acquired from a private third party for $32.8 million in cash and covers a land package of more than 644 square kilometres in size, including all 30 mining concessions held by Lundin Gold.