Does Kinross Gold (KGC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Investors interested in stocks from the Mining - Gold sector have probably already heard of Kinross Gold (KGC) and Agnico Eagle Mines (AEM). But which of these two companies is the best option for those looking for undervalued stocks?
KGC is currently investigating the cause of the fire and evaluating the extent of the damage and any potential operational impact.
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KGC is committed to increasing shareholder returns through initiatives such as share repurchases and quarterly dividends.
KGC agrees to acquire the shares as part of a strategic investment in Relevant Gold.
Kinross Gold reported solid Q4 & FY2024 results with record free cash flow of ~$1.42 billion. Unfortunately, Tasiast's best years are behind it, contributing to lower 2025 production at higher costs and a dip in annual free cash flow. And while KGC has made progress smoothing its '25-'27 production outlook, it has its work cut out for it to return to 2.3MM GEOs to reverse per share production declines.
KGC produces 514,355 gold equivalent ounces in the fourth quarter, down 5.9% year over year.
Kinross Gold Corporation (NYSE:KGC ) Q4 2024 Earnings Conference Call February 13, 2025 8:00 AM ET Company Participants Paul Rollinson - Chief Executive Officer Andrea Freeborough - Executive Vice President, Chief Financial Officer Claude Schimper - Executive Vice President, Chief Operating Officer William Dunford - Senior Vice President, Technical Services Geoff Gold – President David Shaver - Vice President of Investor Relations Conference Call Participants Mike Parkin - National Bank Anita Soni - CIBC Josh Wolfson - RBC Capital Markets Carey MacRury - Canaccord Genuity Lawson Winder - Bank of America Tanya Jakusconek - Scotiabank Operator Thank you for standing by. My name is Prilla [ph] and I will be your conference operator today.
Kinross Gold (KGC) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.11 per share a year ago.