Here is how Kinross Gold (KGC) and Rayonier Advanced Materials (RYAM) have performed compared to their sector so far this year.
The upside of KGC's Q3 revenues is attributable to an increase in average realized gold prices.
PBI, KGC and MRX made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 11, 2024.
PBI, KGC and WWW made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 11, 2024.
Kinross reported a solid Q3-24 with record free cash flow, despite lower production at three of its highest-margin operations. Meanwhile, AISC margins soared 1,270 basis points year-over-year to 45.5%, benefiting from high-grade feed from its new 70% owned Manh Choh Mine. However, while 2024 has been a banner year, it's quite possible Kinross could see lower free cash flow looking ahead to 2025 with a dip in production at higher costs.
Kinross Gold Corporation (KGC) Q3 2024 Earnings Call Transcript
Kinross Gold (KGC) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.12 per share a year ago.
The impact of higher gold prices is expected to reflect on KGC's results in the third quarter.
Kinross Gold (KGC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Kinross Gold (KGC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.