KGC Stock Recent News

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The beginning of the year is a good time for some portfolio rejig. I would look at further strengthening my positions among blue-chip dividend stocks.

If we look at penny stocks or stocks trading under $10, it's been a mixed year in terms of returns. This is unlike 2021 when low-priced stocks had a broad-based rally.

Kinross Gold (KGC) reported earnings 30 days ago. What's next for the stock?

Low-price stocks are the favorite of retail investors. It's understandable, as there is scope for diversification even with a small corpus.

Kinross Gold Corporation's 3Q23 results show increased production and revenue compared to the previous year. The company is on track to meet its 2023 production guidance and has a solid balance sheet. Kinross Gold has outperformed competitors, with a 25% increase in one year.

Value penny stocks have been associated with blockbuster returns in bull markets. Back in 2021, many penny stocks doubled or tripled in a matter of weeks.

The upside in Kinross' (KGC) revenues is due to an increase in gold equivalent ounces sold as well as higher average realized gold prices in Q3.

Kinross Gold Corporation (TSX:K) after Wednesday's close announced third quarter 2023 adjusted earnings per share (EPS) of US$0.12, up from US$0.05 a year earlier and better than the Zacks consensus forecast of US$0.10.  The senior gold mining company also saw its revenue for the period rise 29% year over year to US$1.1 billion, due to an increase in gold equivalent ounces sold and a better average realized gold price.

(Kitco News) - Kinross said its production profile has been solid and generated significant cash flow in the third quarter.