In the age of tech-stock blue-sky investing, it’s easy to admire a business that can consistently produce profit. Our trade alert for today highlights one company that has done just that.
The overwhelming majority of analysts covering the stock think the best days are yet to come for this company with a stratospheric annual EPS growth of 44%, compound over the last 3 years.
Kinross Gold Corp. (KGC) is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto. Kinross currently operates eight active gold mines located in Brazil, Ghana, Mauritania, Russia and The United States. The company was ranked fourth of the “10 Top Gold-mining Companies” 2019 by InvestNews.
The company has seen earnings grow by 65% per year over the last three years and they were up 213% in the third quarter. Analysts expect earnings to rise by 21.6% for the year.
Revenue has been growing in recent years but not as fast as earnings. The average annual growth rate over the last three years has been 5%, but revenue rose 20% year over year to $1,195.1 million. Analysts expect revenue to jump by 21.2% in 2021. The company reported better than expected Q4 earnings on February 11th. Revenues were up year over year. Kinross logged profits of $783.3 million or 62 cents per share in fourth-quarter 2020, up from $521.5 million or 41 cents reported in the year-ago quarter.
The gold stock has a market cap of $8.6 billion and has an EPS of $0.77. It has a high liquidity and trades over 2.3 million shares per day.
The current valuations for the stock are extremely low with the trailing twelve month P/E at 6.96 and the forward P/E at 9.18 . The company does pay a modest dividend with the current yield being 1.68%.
Of 18 analysts covering the stock, 14 rate the stock a Buy and 4 rate the stock a Hold. There are currently no Sell ratings for KGC stock.
Where to invest $1,000 right now...
Before you consider buying Kinross Gold Corp., you'll want to see this.
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And it's not Kinross Gold Corp..
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But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
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