Kinross Gold에 대한 매도 수량은 투자자에게 Kinross Gold의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Kinross Gold (NYSE:KGC) 주식, 공매도 수량 보고

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.

News

Movers

$BTC

AVGO

BNTX

CHWY

EXAS

FSLR

MSTR

ORCL

ROKU

SMMT

WOOF

이들 10개 대형주는 지난주 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요?
1. 서밋 테라퓨틱스(NASDAQ:SMMT)의 주식은 회사가 $2억 3,500만의 순수익을 올렸다고 발표한 후 98.32% 급등했다.

츄이, 브로드컴 및 ARM은 지난주 최고 성과를 보여준 10개 대형주 중 일부 (9월 8일-9월 14일)

Equities

Large Cap

BIDU

INSM

NYCB

RIVN

SIRI

Sony Group Corporation American Depositary Shares

SONY

EMPH

이들 11개 대형주는 지난주 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 리비안 오토모티브(NASDAQ:RIVN)의 주식은 최근 CPI 데이터에 지난주 21.37% 상승했다. 또한 미국 에너지부(Department of Energy)는 폐쇄되었거나 위험에 처한 11개 자동차 시설을 전기 자동차 제조 공장 및 공급망 허브로 전환하기 위해 17억 달러 투자를 공개했다. 

리비안과 바이두는 지난주 최고 성과를 보인 11개의 대형주 주식 중 일부 (7월 7일-7월 13일)

Hedge Funds

Commodities

NGLOY

TFPM

행동주의 투자자 엘리엇 매니지먼트(Elliott Management)는 조용히 앵글로 아메리칸(Anglo American)에 10억 달러 규모의 지분을 확보했으며, BHP 그룹(NYSE:BHP)으로부터 390억 달러 규모의 인수 입찰 대상이 된 이 영국 상장 광산 대기업에 압력을 가하고 있다. 이러한 발전은 최근 앵글로 아메리칸의 이사회가 BHP의 제안을 거부한 후에 나타났다. 이 영국 회사의 이사회는 자사의 전망과 복잡한 구조에 대한 BHP의 제안이 과소평가되고 &#34;매우 불만족스러운&#34; 것으로 여겼다.

앵글로 아메리칸, BHP의 인수 제안 거부: 엘리엇의 $10억 지분이 입찰가 상승 압박

Kinross Gold Corp

WIIM

GOLD

MTRN

PAAS

RGLD

SBSW

SCCO

TECK

Shares of stocks in the broader metals and mining sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

SSRM

Shares of precious metals stocks are trading lower amid a drop in gold prices following US economic data.

GATO

Shares of precious metals stocks are trading higher amid strength in gold and silver prices. Gold may be rising amid reports of renewed China Central Bank purchases as well as geopolitical uncertainty following Assad's ouster in Syria.

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.

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

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.

Earnings

Earnings Beats

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

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

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.

Penny Stocks

Small Cap

Events

Markets

VMSSF

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:
<ul>
<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

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.

Top names with growth at a reasonable price according to GARP

The Stocks according to GARP: top names with growth at a reasonable price

Green Investing: Primary Gold GHG Emissions Intensities Decline

AbraSilver And Its Updated Diablillos PFS: The Javier Milei Effect

With lingering market fluctuations, gold continues to glitter with its stable prospects. In this volatile landscape, investing in Barrick Gold (GOLD), Alamos Gold (AGI), and Kinross Gold (KGC) could provide some relief to investors and solidify their long-term profits. Read on… As market uncertainties continue to thrive, gold continues to be viewed as a secure investment option. Thus, investors could scoop up shares of fundamentally stable gold miners stocks, Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), Alamos Gold Inc. (<a href="https://stocknews.com/stock/AGI/">AGI</a>), and Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGC</a>), which are showing significant upside potential.
Gold glitters brightest in turbulent times, offering a steadfast refuge amid economic storms. Its appeal goes beyond ornamentation, thriving in industries like electronics and healthcare. This versatility, combined with its enduring allure, has fueled a consistent climb in value, marking it as <a href="https://www.investopedia.com/financial-edge/0311/what-drives-the-price-of-gold.aspx#:~:text=Gold%20is%20often%20considered%20a%20safe%20haven%20for,against%20economic%20events%20like%20currency%20devaluation%20or%20inflation.">a prized asset</a> across centuries.
In 2024, gold is shining like never before, reaching 40 record-breaking highs. Global sales have surged 28% year-to-date, delivering the metal's <a href="https://www.fortuneindia.com/macro/golds-2025-outlook-modest-growth-after-2024-high-says-wgc/119541">strongest annual performance</a> in over a decade. The World Gold Council forecasts continued growth in 2025, albeit at a steadier pace, solidifying gold's status as a reliable asset.
The numbers are as dazzling as the metal itself. It has outpaced major asset classes this year, driven by investment demand through over-the-counter trades, amplified by geopolitical uncertainty and volatile financial markets.
Central banks have played their part, ramping up gold reserves with renewed vigor since October. This trend mirrored the actions of investors in the third quarter, who turned back to gold as central banks began slashing interest rates, underscoring its role as a safe and strategic investment.
So, let us dive deep into the fundamentals of three <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a>, starting with #3.
Stock #3: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
Headquartered in Toronto, Canada, GOLD explores, develops, produces, and sells gold and copper properties. The company also engages in exploring and selling silver and energy materials.
On November 22, GOLD <a href="https://www.barrick.com/English/news/news-details/2024/fourmile-project-shows-further-world-class-potential/default.aspx">announced a substantial increase</a> in its mineral resource estimate for the Fourmile project in Nevada. Indicated resources surged by 192%, inferred resources grew by 137%, and the 2023 year-end estimate rose by 35%, boosting GOLD's growth potential through enhanced resource availability.
On October 2, GOLD <a href="https://www.barrick.com/English/news/news-details/2024/lumwana-super-pit-expansion-officially-launched/default.aspx">announced the launch</a> of the Super Pit development at Barrick's Lumwana copper mine by Zambian President Hakainde Hichilema and his cabinet. The milestone reinforces GOLD's commitment to expanding its copper operations, driving growth, and strengthening its position in the global copper market.
For the fiscal 2024 third quarter that ended September 30, GOLD's revenues increased 17.7% year-over-year to $3.37 billion. Its attributable EBITDA grew 20.6% from the year-ago value to $1.29 billion. Additionally, the company's adjusted net earnings and adjusted net earnings per share rose 26.6% and 25% from the prior year's quarter to $529 million and $0.28, respectively.
Analysts expect GOLD's revenue and EPS for the fiscal fourth ending December 2024 to increase 36.7% and 68.9% year-over-year to $4.18 billion and $0.46, respectively. In addition, the company surpassed the consensus revenue and EPS estimates in three of four trailing quarters.
Shares of GOLD have surged 4.7% over the past six months and 9.8% over the past nine months, closing the last trading session at $17.17. Its 12-month price target of $23.75 reflects <a href="https://www.tipranks.com/stocks/gold/forecast">a 38.3% potential upside</a>.
GOLD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> mirror its sound fundamentals. The stock has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
GOLD has a B grade for Growth and Quality. Within the <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry, GOLD is ranked #14 out of 42 stocks.
In addition to the POWR Ratings highlighted above, you can check GOLD's ratings for Momentum, Value, Sentiment, and Stability <a href="https://stocknews.com/stock/GOLD/">here</a>.
Stock #2: Alamos Gold Inc. (<a href="https://stocknews.com/stock/AGI/">AGI</a>)
AGI, based in Toronto, Canada, acquires, explores, develops, and extracts precious metals, focusing mainly on gold. It operates the Young-Davidson and Island Gold mines in Ontario, the Mulatos mine in Sonora, Mexico, and the Lynn Lake project in Manitoba, creating a strong, diversified portfolio.
On September 12, AGI released its updated three-year <a href="https://www.alamosgold.com/news-and-events/news/news-details/2024/Alamos-Gold-Provides-Updated-Three-Year-Production-Operating-and-Capital-Guidance/default.aspx">production and operating guidance</a>, reflecting the successful integration of the Magino mine. The acquisition boosted 2024 consolidated production guidance by 13%, with over 20% increases forecasted for 2025 and 2026, solidifying AGI's robust growth trajectory and expanding its operational footprint.
On September 4, AGI unveiled results from <a href="https://www.alamosgold.com/news-and-events/news/news-details/2024/Alamos-Gold-Announces-Development-Plan-for-Puerto-Del-Aire-Outlining-an-Attractive-High-Return-Project-with-After-Tax-IRR-of-46-and-Significant-Exploration-Upside/default.aspx">a positive internal economic study</a> for its Puerto Del Aire project in Sonora, Mexico's Mulatos District. The study highlights average annual gold production of 127,000 ounces during the first four years and 104,000 ounces over the mine's life, based on 2023 reserves.
The strong production outlook reinforces AGI's growth strategy and financial health. By capitalizing on its robust mineral reserves, AGI is well-positioned to enhance profitability and sustain long-term operational success.
For the fiscal 2024 third quarter that ended September 30, AGI's operating revenues increased 40.9% year-over-year to $360.90 million. Its earnings from operations rose 121.9% from the year-ago value to $183.30 million. Moreover, the company's net earnings and EPS grew 114.5% and 100% from the prior year's quarter to $84.5 million and $0.20, respectively.
For the fiscal fourth quarter ending December 2024, Street expects AGI's revenue and EPS to increase 53.3% and 119% year-over-year to $390.29 million and $0.26, respectively. Additionally, the company topped the consensus revenue and EPS estimates in three of the four trailing quarters.
AGI's shares have surged 22.7% over the past six months and 48.8% over the past year to close the last trading session at $19.55. The stock's 12-month price target of $25.51 reflects <a href="https://www.tipranks.com/stocks/agi/forecast">a 30.5% potential upside</a>.
AGI's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
AGI has a B grade for Growth, Sentiment and Quality. Within the Miners - Gold industry, it is ranked #13 out of 42 stocks.
To access AGI's Momentum, Stability, and Value ratings, <a href="https://stocknews.com/stock/AGI/">click here</a>.
Stock #1: Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGC</a>)
Based in Toronto, Canada, KGC acquires, explores, and develops gold properties. The company has several operational mines and projects, including the Fort Knox mine and the Manh Choh project in Alaska, the Round Mountain and the Bald Mountain mines in Nevada, La Coipa, the Lobo-Marte project in Chile, and more.
On September 10, KGC announced the completion of a <a href="https://www.kinross.com/news-and-investors/news-releases/press-release-details/2024/Kinross-completes-Great-Bear-Preliminary-Economic-Assessment/default.aspx">preliminary economic assessment of its Great Bear project</a>. The project is expected to produce over 500,000 ounces per year during the first 8 years and has an initial planned mine life of approximately 12 years.
This assessment is a testament to KGC's promising growth prospects by expanding its production and strengthening the company's position in the gold mining industry.
For the fiscal third quarter that ended September 30, 2024, KGC's metal sales increased 29.9% year-over-year to $1.43 billion. Its <a href="https://www.investopedia.com/terms/o/operatingearnings.asp">operating earnings</a> rose 142.1% from the year-ago value to $547.70 million.
Moreover, adjusted net earnings attributable to common shareholders and adjusted net EPS grew 106.6% and 100% from the prior year's quarter to $298.70 million and $0.24, respectively.
The consensus revenue and EPS estimates of $1.49 billion and $0.24 for the fiscal fourth quarter ending December 2024 exhibit a year-over-year rise of 33.9% and 119.9%, respectively. Moreover, the company topped the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
The stock has surged 34.4% over the past six months and 79.1% over the past year to close the last trading session at $10.05. KGC's 12-month price target of $11.91 reflects <a href="https://www.tipranks.com/stocks/kgc/forecast">an 18.5% potential upside</a>.
KGC's POWR Ratings reflect its strong prospects. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
KGC has an A grade for Growth and Quality and a B for Value and Sentiment. Within the Miners - Gold industry, it is ranked #3 out of 42 stocks.
<a href="https://stocknews.com/stock/KGC/">Click here</a> to access KGC's ratings for Stability and Momentum.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>
<hr />
GOLD shares were trading at $17.06 per share on Friday morning, down $0.11 (-0.64%). Year-to-date, GOLD has declined -2.20%, versus a 28.78% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/gold-kgc-agi-3-gold-miners-glittering-with-high-upsides/>3 Gold Miners Glittering with High Upsides</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Gold Miners Glittering with High Upsides

Kinross Gold: Positioned To Shine Amid A Bullish Gold Market

Bank of America Securities analyst Lawson Winder maintained a Sell rating on Kinross Gold (KGC – Research Report) today. The company's shares close...

Kinross Gold (KGC) Gets a Sell from Bank of America Securities

Bullish option flow detected in Kinross Gold (KGC) with 4,172 calls trading, 1.3x expected, and implied vol increasing almost 2 points to 38.71%. J...

Kinross Gold call volume above normal and directionally bullish

Bullish option flow detected in Kinross Gold (KGC) with 6,647 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 39.41%. J...

AAAU

ABBRF

ATAT

AYASF

BGLD

BILL

CEPU

CGAU

GDMN

GDXD

GDXJ

GDXU

GLDI

GLDM

GLTR

GOAU

GOEX

IAUM

IGLD

IMAX

ITRI

LSPD

OKTA

OUNZ

PATH

PHYS

PICK

RELY

RING

ROAD

SGDJ

SGDM

SGOL

TCOM

TGLS

TIGR

VCTR

ZETA

Press Releases

On the Heels of Inflation, Why Experts Expect Gold Prices Will Climb to Record Highs in 2025

General

White Gold Corp. Encounters Gold in Encouraging Host Rocks of Altered and Mineralized Intrusives in Surface Rock Sampling over 1.25km on the Newly Discovered 2.2km Chris Creek Target on the QV Property

Kinross to announce Q3 results on November 5, 2024

Puma Welcomes Kinross Gold as Strategic Investor to Explore and Develop the Williams Brook Project

Dividends

Kinross declares quarterly dividend

Kinross reports strong 2024 third-quarter results

TSX Venture Exchange Stock Maintenance Bulletins

White Gold Corp. Announces Significant Increase in Mineral Resources to 1,203,000 oz Gold Indicated and 1,116,600 oz Gold Inferred at the White Gold Project, Yukon, Canada

Kenorland Options the South Uchi Project to Auranova Resources Inc.

Precious Metals Mining: The Next Big Opportunity in the Face of Economic Challenges

Comments

Kinross Gold

매도 수량

Kinross Gold (NYSE:KGC) 주식, 공매도 수량 보고

뉴스

파트너 / 기고자

벤징가 글로벌