Kinross Gold Corporation (NYSE: KGC) is emerging as a top pick for momentum-focused investors, backed by a strong earnings outlook, robust share performance, and a favorable Zacks investment rating.
The Canadian gold mining giant, headquartered in Ontario, ranks among the world’s top ten gold producers. In 2024, Kinross reported a production output of approximately 2.17 million gold-equivalent ounces. The company’s operations are heavily concentrated in the Americas, accounting for roughly 71% of its annual output, with key assets in Canada and the United States. In addition to gold, Kinross is also engaged in the production and sale of silver.
Currently, Kinross Gold holds a Zacks Rank #1 (Strong Buy), a Momentum Style Score of B, and an overall VGM (Value, Growth, and Momentum) Score of A. These ratings reflect the company’s solid positioning for investors looking to capitalize on upward market trends.
Momentum investing, which hinges on the principle that “the trend is your friend,” emphasizes stocks showing consistent upward movement in price and earnings forecasts. Kinross Gold has recently demonstrated such characteristics, with shares climbing 8.5% over the past week and 2% in the last month. Over the past 12 months, the stock has surged by an impressive 84.6%. Volume trends further reinforce investor interest, with an average of over 21 million shares traded daily over the last 20 sessions.
Analyst sentiment has also grown increasingly bullish. Over the past 60 days, seven analysts have raised their earnings estimates for Kinross. The Zacks Consensus Estimate for 2025 has been revised upward from $0.77 to $1.09 per share, reflecting growing confidence in the company’s financial performance. Kinross has also posted a notable average earnings surprise of 16.1%.
With its upward earnings trajectory, favorable momentum metrics, and consistent analyst upgrades, Kinross Gold presents a compelling case for investors seeking strong momentum plays in the commodities sector.
