Latest news with #KGC
Borneo Post
2 days ago
- Politics
- Borneo Post
Lee: 66 years on, SUPP has shown its commitment in building S'wak as a progressive region
Yii (eighth left) raises the SUPP flag, as others look on. MIRI (June 5): Sixty-six years since its establishment, the Sarawak United People's Party (SUPP) has successfully demonstrated its spirit of struggle and commitment in helping to build Sarawak into a fast-developing, inclusive and progressive region. SUPP Miri-Sibuti Parliamentary Liaison Committee (MSPLC) chairman Dato Sri Lee Kim Shin said he was proud to join the party's members in celebrating the 66th anniversary, calling it an achievement of decades of dedication, service and unity in Sarawak and the nation as a whole. 'Since its establishment in 1959, SUPP has been a vocal advocate for the rights and welfare of the people of Sarawak and today, as we raise this (SUPP) flag, let it stand as a symbol of our shared commitment to building a strong, inclusive and progressive Sarawak,' he said. His text of speech was read by MSPLC vice chairman Adam Yii, who represented Lee, at the SUPP MSPLC flag raising ceremony held at the SUPP Piasau branch yesterday. 'Let us take a moment to reflect on the contributions of past leaders, who displayed courage and vision and laid the foundation for the progress we enjoy today. Their sacrifices remind us that leadership is about service, about standing up for what is right, and putting the people's interests above all else. We are indebted to them and we pledge to the carry the torch of this struggle with pride.' Lee said that since forming Gabungan Parti Sarawak (GPS) in 2018 together with the other component parties, SUPP has continued to play a vital role in shaping policies that empower the people and drive Sarawak's development. 'Together with our coalition partners, we have tirelessly worked to ensure that Sarawak's interests are always prioritised in every decision and action. SUPP within GPS has achieved many significant milestones, each one a vital step toward building a stronger, more advanced, and prosperous Sarawak for the benefit of its people,' he said. He also recalled some key achievements of SUPP alongside GPS, such as infrastructure development; economic growth; education and human capital development; sustainability and green development; as well as social welfare and community support, including the creation of the Kenyalang Gold Card (KGC) for senior citizens in Sarawak, alongside Sarawak community initiatives to ensure inclusive development that touches the lives of all level of society. 'As the people of Sarawak, we are stronger when we are united. Together, we can achieve Sarawak's full potential and ensure that no one is left behind in the tide of development. 'Today, as we raise this flag, let it serve as a reminder of who we are: a united people with shared hopes, guided by SUPP's values, and bound by a common goal. Let this flag inspire us to continue working toward a strong, inclusive, and progressive Sarawak — a Sarawak where every one of its people can succeed,' Lee said.
Yahoo
4 days ago
- Business
- Yahoo
5 Momentum Picks to Tap Market Rally in June After an Impressive May
Wall Street saw an impressive rally in May after severe volatility in the previous two months. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — were up 3.9%, 6.2% and 9.6%, respectively. The tech-heavy Nasdaq Composite and the broad-market index, the S&P 500, recorded their best months since November 2023. May's investor optimism was primarily driven by expectations of a U.S.-China trade deal, the delay by the Trump administration to impose 50% tariffs on the European Union and the ongoing negotiations related to tariff and trade policies with several other major trading partners of the United Conference Board's consumer confidence index rebounded in May. Similarly, the University of Michigan's consumer sentiment index came in better than expected last month. At this stage, it will be prudent to invest in stocks with a favorable Zacks Rank that have momentum in June. Five such stocks are: CyberArk Software Ltd. CYBR, Kinross Gold Corp. KGC, NatWest Group plc NWG, Ryanair Holdings plc RYAAY and Paylocity Holding Corp. PCTY. Each of the stocks sports a Zacks Rank #1 (Strong Buy) at present and has a Zacks Momentum Score of A. You can see the complete list of today's Zacks #1 Rank stocks here. The chart below shows the price performance of our five picks in the past month. Image Source: Zacks Investment Research CyberArk Software is benefiting from the rising demand for cybersecurity and privileged access security solutions due to the long list of data breaches and increasing digital transformation strategies. A strong presence across verticals, such as banking, healthcare, government and utilities, is safeguarding CYBR from the adverse effects of softening IT spending. CYBR's strategic mix shift toward software-as-a-service and subscription-based solutions is driving top-line growth. CyberArk is gaining customer accounts, which contributes to its revenues. The vast customer base presents the company with an opportunity to upsell products within its installed user base. Furthermore, in the last few quarters, CYBR has been able to close a significant number of seven-figure deals. The growing number of large deals in the revenue mix is helpful as it increases deferred revenues and visibility. Moreover, any product refresh brings in additional dollars as every enterprise attempts to keep its threat management infrastructure updated. These factors in turn support CYBR's top line. CyberArk Software has an expected revenue and earnings growth rate of 31.9% and 25.1%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 3.6% in the last 30 days. Kinross Gold has a strong production profile and boasts a promising pipeline of exploration and development projects. These projects are expected to boost production and cash flow and deliver significant value. KGC is focusing on organic growth through its Tasiast mine, where the Phase One expansion boosted production capacity, and the Tasiast 24K expansion increased throughput and production. KGC's Manh Choh project at Fort Knox is expected to extend operations and benefit from higher gold prices. The Great Bear project in Ontario also offers a promising long-term opportunity with substantial gold resources. Higher gold prices should also boost KGC's profitability and drive cash flow generation. Kinross Gold has an expected revenue and earnings growth rate of 15.3% and 63.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the last seven days. NatWest Group provides banking and financial products and services to personal, commercial, corporate and institutional customers in the United Kingdom and internationally. NWG operates through the Retail Banking, Private Banking, and Commercial & Institutional segments. NWG provides personal and business banking, consumer loans, asset and invoice finances, commercial and residential mortgages, credit cards and financial planning services, as well as life, personal and income protection insurance. NatWest Group has an expected revenue and earnings growth rate of 20.1% and 17.3%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 6.8% over the last 30 days. Ryanair Holdings provides scheduled-passenger airline services in Ireland, the United Kingdom, Spain, Italy, and internationally. RYAAY's measures to expand its fleet, to cater to rising travel demand, look encouraging. RYAAY's top line continues to benefit from the resurgent travel scenario. The carrier flew more than 200 million passengers in its fiscal year ending March 2025, becoming the first European carrier to do so in a year. RYAAY's measures to expand its fleet, to cater to the rising travel demand, look encouraging. RYAAY is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise, and markets car hire, travel insurance, and accommodation services through its website and mobile app. Ryanair Holdings has an expected revenue and earnings growth rate of 10.4% and 30.5%, respectively, for the current year (ending March 2025). The Zacks Consensus Estimate for current-year earnings has improved 2% over the last 30 days. Paylocity Holding's third-quarter fiscal 2025 revenues benefited from an innovative product portfolio. PCTY's growth is driven by its comprehensive suite of cloud-based Human Capital Management and payroll software solutions tailored for mid-sized businesses. Solid investment in research and development has led to strong product differentiation, enhancing PCTY's competitive position in the market. PCTY's recurring revenue model, which provides financial stability and predictability, is driven by high client satisfaction and low churn rates, reflecting its commitment to delivering value to its customers. For fiscal 2025, PCTY projects total revenues between $1.58 billion and $1.585 billion, implying 13% growth from the year-ago quarter's actual. Paylocity Holding has an expected revenue and earnings growth rate of 12.9% and 6.7%, respectively, for the current year (ending June 2025). The Zacks Consensus Estimate for current-year earnings has improved 5.4% over the last 30 days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Paylocity Holding Corporation (PCTY) : Free Stock Analysis Report NatWest Group plc (NWG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
26-05-2025
- Business
- Globe and Mail
Kinross Gold Rallies 39% in 3 Months: Should You Buy the Stock Now?
Kinross Gold Corporation 's KGC shares have shot up 38.5% in the past three months, outperforming the Zacks Mining – Gold industry's gain of 25.8% and the S&P 500's decline of 1.2%. The bullishness appears to have been catalyzed by its better-than-expected earnings performance on the back of higher gold prices. KGC's gold mining peers, Barrick Mining Corporation B, Newmont Corporation NEM and Agnico Eagle Mines Limited AEM, have gained 7.2%, 27.4% and 23.7%, respectively, over the same period. KGC's 3-month Price Performance Technical indicators show that KGC has been trading above the 200-day simple moving average (SMA) since March 6, 2024. The stock is also currently trading above its 50-day SMA. The 50-day SMA continues to read higher than the 200-day moving average, indicating a bullish trend. Kinross Trades Above 50-Day SMA Is the time right to buy KGC's shares for potential upside? Let's take a look at the stock's fundamentals. Key Development Projects to Incite KGC's Growth Kinross has a strong production profile and boasts a promising pipeline of exploration and development projects. Its key development projects and exploration programs, including Great Bear in Ontario and Round Mountain Phase X in Nevada, remain on track. These projects are expected to boost production and cash flow and deliver significant value. KGC also completed the commissioning of its Manh Choh project and commenced production during the third quarter of 2024, leading to a substantial increase in cash flow at the Fort Knox operation. Tasiast and Paracatu, the company's two biggest assets, remain the key contributors to cash flow generation and production. Tasiast remains the lowest-cost asset within its portfolio, with consistently strong performance. Tasiast achieved record annual production and cash flow in 2024 and is on track to meet its full-year 2025 guidance. Paracatu saw a strong start to the year, with first-quarter production rising on strong grades and improved mill recoveries. Kinross' Solid Financial Health Bodes Well KGC has a strong liquidity position and generates substantial cash flows, which allows it to finance its development projects, pay down debt and drive shareholder value. The company ended the first quarter with solid liquidity of roughly $2.3 billion. Kinross also generated record free cash flows of around $1.3 billion in 2024, driven by the strength in gold prices and strong operating margins. Free cash flow also more than doubled year over year to $370.8 million in the first quarter. KGC repaid $800 million of debt during 2024 and the remaining $200 million of its term loan in the first quarter, reducing its net debt to around $540 million. Its long-term debt-to-capitalization is 14.4%. Higher gold prices should boost KGC's profitability and drive cash flow generation. While gold prices have fallen from their April 2025 highs amid U.S.-China trade negotiations and easing U.S. inflation, they remain favorable, aided by economic uncertainties, and are currently hovering above the $3,300 per ounce level. Gold prices have gained roughly 28% this year, driven by the aggressive trade policies, including sweeping new import tariffs announced by President Donald Trump, intensified global trade tensions and heightened investor anxiety. Also, central banks worldwide have been accumulating gold reserves, led by risks arising from Trump's policies. Prices of the yellow metal catapulted to a record high of $3,500 per ounce on April 22 amid President Trump's criticism of Federal Reserve Chair Jerome Powell and call for an immediate reduction in interest rates. Increased purchases by central banks, hopes of interest rate cuts, and geopolitical tensions are expected to support gold prices. Further, KGC offers a dividend yield of 0.8% at the current stock price. It has a payout ratio of 14% (a ratio below 60% is a good indicator that the dividend will be sustainable). Backed by strong cash flows and sound financial health, the company's dividend is perceived to be safe and reliable. Positive Analyst Sentiment for KGC Stock Earnings estimates for KGC have been rising over the past 60 days, reflecting analysts' optimism. The Zacks Consensus Estimate for 2025 and 2026 has been revised upward over the same time frame. The Zacks Consensus Estimate for 2025 earnings is currently pegged at $1.09, suggesting year-over-year growth of 60.3%. Earnings are also expected to register roughly 11.1% growth in 2026. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research A Look at Kinross Stock's Valuation KGC is currently trading at a forward price/earnings of 12.93X, a modest 6.5% discount compared with the industry's average of 13.83X. It is trading at a premium to Barrick and Newmont and a discount to Agnico Eagle. Both Kinross and Barrick have a Value Score of A, while Newmont has a Value Score of B and Agnico Eagle has a Value Score of C. KGC's P/E F12M Vs. Industry, B, NEM & AEM How Should Investors Play the KGC Stock? With a strong pipeline of development projects and solid financial health, KGC presents a compelling investment case for those seeking exposure to the gold mining space. Rising earnings estimates and a healthy growth trajectory are the other positives. A favorable gold pricing environment also augurs well. We recommend investors accumulate this Zacks Rank #1 (Strong Buy) stock as it has upbeat growth prospects. You can see the complete list of today's Zacks #1 Rank stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.0% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Barrick Mining Corporation (B): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Business Insider
25-05-2025
- Business
- Business Insider
Analysts' Opinions Are Mixed on These Materials Stocks: Kinross Gold (KGC), Sherwin-Williams Company (SHW) and Dow Inc (DOW)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Kinross Gold (KGC – Research Report), Sherwin-Williams Company (SHW – Research Report) and Dow Inc (DOW – Research Report). Confident Investing Starts Here: Kinross Gold (KGC) In a report issued on May 7, Matt Murphy from BMO Capital maintained a Buy rating on Kinross Gold, with a price target of C$22.00. The company's shares closed last Friday at $14.71. According to Murphy is a 5-star analyst with an average return of 20.3% and a 69.1% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Pan American Silver. Kinross Gold has an analyst consensus of Strong Buy, with a price target consensus of $16.53, representing an 11.4% upside. In a report issued on April 23, National Bank also maintained a Buy rating on the stock with a C$25.00 price target. Dow Inc (DOW) Dow Inc received a Hold rating and a $29.00 price target from BMO Capital analyst John McNulty on May 7. The company's shares closed last Friday at $28.32. According to McNulty is a 3-star analyst with an average return of 1.0% and a 50.8% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems. Dow Inc has an analyst consensus of Hold, with a price target consensus of $31.87, a 13.2% upside from current levels. In a report issued on April 24, Alembic Global also maintained a Hold rating on the stock with a $34.00 price target.
Borneo Post
16-05-2025
- Business
- Borneo Post
Strong turnout at Bekenu outreach programme for Kenyalang Gold Card registration
Rosey (front, sixth left) poses for a group photo with the event's attendees. MIRI (May 16): The 'Santuni Komuniti' outreach programme held in the Bekenu state constituency received a strong response from senior citizens eager to register for the Kenyalang Gold Card (KGC). Deputy Minister for Women, Childhood and Community Wellbeing Development Datuk Rosey Yunus who was present at the event today described the turnout as impressive and encouraging. 'Thanks to the collaboration of community leaders and local media, more seniors are becoming aware of the benefits available through KGC,' she said. Held at Sepupok Community Hall from May 15 to 16, the two-day event offered information and assistance on various government welfare services. The Bekenu assemblywoman commended the efforts of the Miri Welfare Department and supporting agencies for making the programme a success. 'This initiative has had a meaningful impact, particularly in Subis and Niah, with a noticeably stronger turnout compared to previous sessions,' she added. At the event, Rosey also clarified that all eligible senior citizens in Sarawak are entitled to apply for the KGC, which offers discounts, service exemptions, and special privileges at both public and private establishments. She said the KGC programme continues to receive strong support since its launch, with more strategic partners and benefits added over time. 'There are now various discounts and exclusive offers tailored for eligible recipients across all Sarawak districts,' she explained. The event also featured the Sejambak Kasih Gawai 2025 aid distributions, attended by 100 welfare recipients from Niah and nearby areas. A total of 198 welfare aid recipients were eligible for the RM100 cash assistance, with funds credited directly to the bank accounts of those unable to attend. Bekenu Kenyalang Gold Card outreach Rosey Yunus Santuni Komuniti
