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Should you support your children at university or help them on to property ladder?

What parents should consider before making a financial decision

Here's Why Kinross Gold (KGC) is a Strong Growth Stock

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

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Kinross Gold (KGC)

Based in Ontario, Canada, Kinross Gold Corporation is involved in the exploration and operation of gold mines. It ranks among the top 10 gold mining companies in the world, with a 2023 production of around 2.1 million gold equivalent ounces. The company's operations are primarily located in - the Americas (roughly 71% of 2023 production). It holds major assets in Canada and the United States. It is mainly involved in the exploration and operation of gold mines. Kinross also produces and sells silver.

KGC boasts a Growth Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 4.6% year-over-year for 2024, while Wall Street anticipates its top line to improve by 4.9%.

Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.10 to $0.46 per share. KGC boasts an average earnings surprise of 46%.

On a historic basis, Kinross Gold has generated cash flow growth of 11.1%, and is expected to report cash flow expansion of 43.1% this year.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, KGC should be on investors' short lists.

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Kinross Gold Corporation (KGC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research