Why Kinross Gold (KGC) is a Top Momentum Stock for the Long-Term

Zacks
04-29

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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 2024 production of around 2.17 million gold equivalent ounces. The company's operations are primarily located in the Americas (roughly 71% of 2024 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 Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Shares of Kinross Gold has seen some interesting price action recently; the stock is down 1% over the past one week and up 17.2% over the past four weeks. And in the last one-year period, KGC has gained 116.1%. As for the stock's trading volume, 21,454,252 shares on average were traded over the last 20 days.

A company's earnings performance is important for momentum investors as well. For fiscal 2025, six analysts revised their earnings estimate higher in the last 60 days for KGC, while the Zacks Consensus Estimate has increased $0.14 to $0.95 per share. KGC also boasts an average earnings surprise of 23.7%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding KGC to their portfolios.

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This article originally published on Zacks Investment Research (zacks.com).

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