Kinross Gold (NYSE:KGC) 주식

Kinross Gold

Kinross Gold is a Canada-based gold producer, producing roughly 2.1 million gold equivalent ounces in 2024. The company had about a decade of gold reserves at the end of 2024. 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. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve.

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트럼프 취임 이후 7% 급등하고 최근 사상 최고치를 경신한 금은 2025년 최고의 &#39;트럼프 트레이드&#39; 종목이 될 것이다 하지만 미국 투자자에게는 금 랠리가 금 자체뿐만 아니라 수혜를 입을 주식과 ETF를 통해 수익을 올릴 수 있는 특별한 기회를 제공한다.

2025년 &#39;트럼프 트레이드&#39; 속 치솟는 금 가격: 투자자가 알아야 할 사항

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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)

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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)

Kinross Gold Corp

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 3.78% on an annualized basis producing an average annual return of 14.79%. Currently, Kinross Gold has a market capitalization of $14.10 billion. 
Buying $1000 In KGC: If an investor had bought $1000 of KGC stock 10 years ago, it would be worth $4,001.82 today based on a price of $11.47 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/2025/1740170709_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.

Here's How Much You Would Have Made Owning Kinross Gold Stock In The Last 10 Years

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Shares of metal and mining companies are trading lower amid overall market weakness on US consumer and economic concerns.

With President Donald Trump's trade war rhetoric reaching new heights, <a href="https://www.benzinga.com/topic/gold">gold has emerged</a> as the go-to asset for savvy investors. 
Its 7% surge since his inauguration and <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43728557/time-to-lock-in-gold-gains">recent record highs</a> make it the ultimate "Trump trade" of 2025. But for U.S. investors, this golden rally presents a unique opportunity to profit, not just from the metal itself but from a selection of stocks and ETFs poised to benefit.
<h2 class="wp-block-heading">Gold's Bullish Surge: Why It's Happening</h2>
Gold's rally isn't just fueled by political uncertainty. Trump's aggressive tariff policies are creating inflationary pressures, and as global growth slows, gold acts as a safe-haven. 
Central banks and traders are shifting their focus to the yellow metal, further driving up its value. 
Analysts are now targeting $3,000 per ounce, with UBS and Citigroup revising their forecasts upward, <a href="https://www.ft.com/content/fb53df86-c6f0-4550-ab84-222b3a6282f4">reported</a> Financial Times.
Read Also: <a href="https://www.benzinga.com/25/02/43710503/bank-of-america-sees-gold-hitting-3500-as-demand-surges-on-increased-policy-tensions">Gold Could Reach $3,500 As Demand Rises On &#8216;Increased Policy Tensions,&#8217; Says Bank of America</a>
<h2 class="wp-block-heading">Top Gold ETFs To Consider</h2>
For those looking to capitalize on gold's rally without holding the physical asset, ETFs offer a convenient route:
<ul>
<li>SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>): The largest gold ETF in the world, GLD tracks the price of gold bullion and is a reliable option for investors looking to ride the surge.</li>
<li>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>): Another solid choice, IAU provides a lower-cost way to gain exposure to gold's movements.</li>
<li>VanEck Vectors Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>): GDX targets gold mining companies, which are expected to see growth as gold prices rise.</li>
</ul>
<h2 class="wp-block-heading">Gold Stocks Set To Benefit From Trump Trade</h2>
For those willing to venture into individual stocks, gold mining companies offer an even more leveraged play on the precious metal's climb:
<ul>
<li>Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>): The world's second-largest gold miner, Barrick is benefiting from the surge in gold prices, with strong earnings expected to follow.</li>
<li>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>): As the largest gold producer in the U.S., Newmont stands to profit from the rising price of gold and growing demand for safe-haven assets.</li>
<li>Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>): Another player to watch, Kinross has seen its stock price benefit from higher gold prices, making it a solid addition to the gold-investment portfolio.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/news/earnings/earnings-beats/25/02/43689153/kinross-gold-delivers-record-breaking-2024-reaffirms-stable-production-output">Kinross Gold Delivers Record-Breaking 2024, Reaffirms Stable Production Output</a>
<h2 class="wp-block-heading">Takeaway For U.S. Investors</h2>
Gold's status as the ultimate hedge against trade tensions and inflation means U.S. investors should be taking a closer look at gold stocks and ETFs. 
With gold prices expected to continue rising, these assets offer an opportunity to capitalize on what looks to be a long-term trend.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/02/43672890/barrick-gold-shares-gain-after-q4-earnings-and-new-1-billion-buyback-program">Barrick Gold Shares Gain After Q4 Earnings And New $1 Billion Buyback Program</a></li>
</ul>
Image: Shutterstock

Gold Soars as 'Trump Trade' of 2025: What Investors Should Know

Shares of precious metals stocks are trading lower as gold and silver fall, possibly due to a delay in tariffs. Also, Trump-Russia talks may reduce safe-haven asset demand.

Kinross Gold shares are trading lower after the company reported Q4 financial results and missed its adjusted EPS and revenue estimate.

Kinross Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) had a strong 2024, delivering record-free cash flow, improved margins, and <a target="_blank" href="https://www.benzinga.com/25/01/43246243/kinross-gold-gains-analyst-confidence-barrick-gold-downgraded-amid-mine-uncertainty-details" rel="noreferrer noopener">stable production</a> across its global operations. An outstanding $1.3 billion in free cash flow more than doubled from the previous year, while the company also reduced its debt.
"2024 marked another excellent year for Kinross, and we have, once again, met our production and cost guidance. We delivered record free cash flow, repaid $800 million of debt, and grew our margins by 37%, significantly outpacing the rise in gold price," CEO Paul Rollinson <a target="_blank" href="https://www.kinross.com/news-and-investors/news-releases/press-release-details/2025/Kinross-reports-2024-fourth-quarter-and-full-year-results/" rel="noreferrer noopener">said</a> in the announcement.
Kinross produced 2.13 million gold-equivalent ounces (GEO) in 2024, similar to 2.15 million produced in 2023. Final quarter production of 501,209 GEOs slowed down compared to Q4 2023's 543,513 GEOs owing to planned lower grades and maintenance, but <a target="_blank" href="https://www.benzinga.com/25/02/43590446/gold-prices-near-3000-outpacing-us-equities-as-it-hits-a-fresh-record-high-amid-donald-trumps-trade-war-led-market-uncertainty" rel="noreferrer noopener">higher gold prices</a> helped offset the output.
The company's full-year revenue surged to $5.15 billion, a 21% increase from $4.24 billion in 2023, primarily driven by an average realized gold price of $2,393 per ounce, compared to $1,945 per ounce the prior year. In Q4, the average realized gold price reached $2,663 per ounce, significantly above the $1,974 recorded in the same period in 2023.
Naturally, this higher gold price boosted margins. Full-year margins per GEO sold increased to $1,373 from $1,003 in 2023, while fourth-quarter margins went as high as $1,565 per GEO. Thus, net earnings soared to $948.8 million, or $0.77 per share – a substantial increase from 2023's $416.3 million or $0.34 per share.
The firm reaffirmed its commitment to shareholder value, declaring a quarterly dividend of $0.03 per share payable on March 20, 2025. Additionally, the company intends to reinstate its share buyback program later in the year, pending the renewal of its normal course issuer bid with the Toronto Stock Exchange.
Regarding individual operations, the Tasiast mine in Mauritania delivered a record 622,394 GEOs, benefiting from increased throughput following the completion of the Tasiast 24k project.
Paracatu maintained strong output, with over 500,000 ounces produced for the seventh consecutive year. At the same time, Fort Knox saw a significant increase in annual production following the first gold from the Manh Choh project.
La Coipa's production declined due to lower silver grades, but throughput improvements helped offset some of the impact. Bald Mountain's resource conversion added nearly one million ounces to reserves, prompting the company to advance mining at the Redbird deposit.
Kinross continues advancing the Great Bear project in Canada, handling permitting and engineering work at Lobo-Marte in Chile, and expanding drilling at Round Mountain Phase X.
Management reaffirmed stable production guidance of around two million GEOs annually for 2025, 2026, and 2027, focusing on cost control, capital discipline, and sustaining financial strength.
Price Action: KGC stock was trading lower by 3.95% to $11.67 premarket at the last check on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43651098/geopolitics-and-resource-nationalism-are-choking-the-commodity-supply" target="_blank" rel="noreferrer noopener">Geopolitics And Resource Nationalism Are Choking The Commodity Supply</a></li>
</ul>
Photo via Shutterstock

Earnings Beats

Guidance

Kinross Gold Delivers Record-Breaking 2024, Reaffirms Stable Production Output

Earnings

CORRECTION: Kinross Gold Q4 2024 Adj EPS $0.20 Misses $0.25 Estimate, Sales $1.42B Miss $1.47B Estimate

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Earnings Scheduled For February 12, 2025

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 5.19% on an annualized basis producing an average annual return of 17.57%. Currently, Kinross Gold has a market capitalization of $14.69 billion. 
Buying $1000 In KGC: If an investor had bought $1000 of KGC stock 5 years ago, it would be worth $2,366.34 today based on a price of $11.95 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/2025/1739286930_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.

Here's How Much $1000 Invested In Kinross Gold 5 Years Ago Would Be Worth Today

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Shares of precious metals stocks are trading higher as gold and silver prices rise amid US tariffs on steel and aluminum.

Shares of precious metals stocks are trading higher as gold and silver rise on US-China trade war concerns and a drop in the US dollar index.

Shares of precious metal-related companies are trading higher. Reserve assets may be seeing renewed strength after the Fed kept rates unchanged yesterday and noted that inflation remains somewhat elevated.

Shares of gold stocks are trading higher amid a rise in the price of gold.

Ahead of their earnings release, BofA Securities analyst Lawson Winder upgraded Kinross Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) and downgraded Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>).
Talking about market, the analyst says that Gold opened at $2,706/oz last week, rising to $2,746/oz on January 21, 2025, as the U.S. Dollar weakened.
It closed the week at $2,771/oz, up 2.5%, on President Trump&#8217;s remarks on a less aggressive tariff approach to China.
KGC: The analyst double-upgraded Kinross from Underperform to Buy and raised the price <a target="_blank" href="https://www.benzinga.com/quote/kgc/analyst-ratings" rel="noreferrer noopener">forecast from $9.25 to $12.75</a>.
The analyst notes several concerns surrounding Kinross, such as shorter mine life, maintaining 2 million gold equivalent ounces (GEOs) of annual production, and unit costs, are being addressed.
Consequently, the analyst raised the 2026 GEO production forecast from 1.8 million to 2 million GEO and increased earnings per share (EPS) estimates from $0.64 to $0.78 for 2026.
Despite market concerns about potential corporate acquisitions, Kinross remains disciplined in this regard, adds the analyst.
Additionally, Winder sees potential for Kinross to boost capital returns in 2025 through a share buyback. Overall, the analyst says that the company is well-positioned for fourth-quarter results with potential catalysts in 2025.
GOLD: The analyst downgraded the stock from Buy to Neutral and cut the <a target="_blank" href="https://www.benzinga.com/quote/gold/analyst-ratings" rel="noreferrer noopener">price forecast from $21 to $18</a>.
The analyst writes that as approaching fourth-quarter results, risks are rising, particularly regarding the shutdown of the Loulo-Gounkoto mine in Mali, and the struggling ramp-up of the Pueblo Viejo mine in the Dominican Republic.
In their 2025 model, Winder removed any production from the Loulo-Gounkoto mine due to its suspension amid a tax dispute with the Malian military government.
The analyst says that he sees two possible outcomes: the first, a less favorable tax and royalty agreement allowing continued operation; the second, a complete loss of operations if the government seizes control.
The analyst assumes the mine to restart in late 2025, ramping up to full production in 2026, but under less favorable terms for Barrick Gold.
Consequently, the analyst lowered 2025 estimates for EPS to $1.55 from $1.91 and 2026 EPS to $1.81 from $1.92.
Both Kinross and Barrick Gold will release their fourth-quarter results on <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">Wednesday, February 12, 2025</a>.
Price Action: KGC shares are down 0.89% at $10.60, while GOLD shares are down 1.18% at $15.94 at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/guidance/25/01/43093586/barrick-looks-into-portfolio-optimization-sees-pakistan-as-the-new-frontier" target="_blank" rel="noreferrer noopener">Barrick Looks Into Portfolio Optimization, Sees Pakistan As &#8216;The New Frontier&#8217;</a></li>
</ul>
Image via Shutterstock.

Analyst Color

Upgrades

Downgrades

Price Target

Analyst Ratings

Kinross Gold's Production Outlook Improves, Analyst Double Upgrades Stock

MTRN

RGLD

Shares of stocks in the broader metals and mining sector are trading higher in possible sympathy with Rio Tinto and Glencore who announced discussions regarding a potential merger, the largest in mining industry history.

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver.

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.

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.

Dividends

Press Releases

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

Kinross to announce 2024 Q4/full-year results and 2025 guidance on February 12, 2025

Offerings

Relevant Gold Announces Non-Brokered $5M Private Placement Led By Strategic Investors Kinross and Bollinger

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