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Globe and Mail
4 days ago
- Business
- Globe and Mail
KGC's Low Leverage Edge: Is Bigger Shareholder Value Awaiting?
Kinross Gold Corporation KGC remains committed to improving its leverage profile, thanks to strong free cash flow generation. It repaid $800 million of debt during 2024 and the remaining $200 million of its term loan in the first quarter of 2025. Moreover, KGC improved its net debt position to around $100 million at the end of the second quarter from $540 million in the prior quarter. Kinross' long-term debt-to-capitalization is 13.9%, below the Zacks Mining – Gold industry's 14.9%. KGC ended second-quarter 2025 with robust liquidity of roughly $2.8 billion, including cash and cash equivalents of more than $1.1 billion. Second-quarter free cash flow surged roughly 87% year over year and 74% from the preceding quarter, driven by the strength in gold prices and strong operating performance. Kinross' aggressive debt cut places it among the industry's leanest leveraged names and positions it strongly alongside its peers. As gold prices remain supportive and strong cash flow generation continues, KGC is expected to maintain this sharp pace of deleveraging moving ahead. Kinross expects to return a significant amount of capital to its shareholders while strengthening its balance sheet with a goal to repay its $500 million 2027 notes. Among KGC's peers, Agnico Eagle Mines Limited AEM has also made impressive strides in fortifying its balance sheet, underscoring its commitment to financial discipline. Agnico Eagle remains focused on paying down debt using excess cash, with long-term debt reducing by $550 million sequentially to $595 million at the end of the second quarter. Agnico Eagle ended the quarter with a significant net cash position of $963 million, driven by the increase in cash position and reduction of debt. Newmont Corporation NEM is balancing deleveraging with post-Newcrest acquisition integration and asset streamlining through strategic non-core divestments. Newmont retired $372 million of debt during the second quarter. Newmont ended the second quarter with net debt of $1,422 million, down from $3,221 million at the end of the prior quarter. The Zacks Rundown for KGC Kinross Gold's shares have shot up 108.5% year to date against the industry's rise of 72.2%, largely driven by the gold price rally. From a valuation standpoint, KGC is currently trading at a forward 12-month earnings multiple of 13.86, a 3.3% premium to the industry average of 13.42X. It carries a Value Score of B. The Zacks Consensus Estimate for KGC's 2025 and 2026 earnings implies a year-over-year rise of 102.9% and 2.2%, respectively. The EPS estimates for 2025 and 2026 have been trending higher over the past 60 days. KGC stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 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 Newmont Corporation (NEM): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report
Yahoo
01-08-2025
- Business
- Yahoo
Metalla Royalty & Streaming Ltd. (MTA) is a Great Momentum Stock: Should You Buy?
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Metalla Royalty & Streaming Ltd. (MTA), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Metalla Royalty & Streaming Ltd. currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? In order to see if MTA is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For MTA, shares are up 10.85% over the past week while the Zacks Mining - Miscellaneous industry is up 1.38% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 2.33% compares favorably with the industry's 0.71% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Metalla Royalty & Streaming Ltd. have risen 33.33%, and are up 39.44% in the last year. In comparison, the S&P 500 has only moved 14.12% and 16.19%, respectively. Investors should also take note of MTA's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now MTA is averaging 360,833 shares for the last 20 days.. Earnings Outlook The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with MTA. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost MTA's consensus estimate, increasing from -$0.01 to $0.00 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Bottom Line Given these factors, it shouldn't be surprising that MTA is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Metalla Royalty & Streaming Ltd. on your short list. 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 Metalla Royalty & Streaming Ltd. (MTA) : 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
Yahoo
12-06-2025
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why AngloGold Ashanti (AU) is a Great Choice
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at AngloGold Ashanti (AU), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. AngloGold Ashanti currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Let's discuss some of the components of the Momentum Style Score for AU that show why this gold miner shows promise as a solid momentum pick. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For AU, shares are up 4.91% over the past week while the Zacks Mining - Gold industry is up 3.21% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 15.05% compares favorably with the industry's 13.76% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of AngloGold Ashanti have increased 29.14% over the past quarter, and have gained 96.87% in the last year. In comparison, the S&P 500 has only moved 8.49% and 13.75%, respectively. Investors should also take note of AU's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, AU is averaging 2,700,384 shares for the last 20 days. The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with AU. Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AU's consensus estimate, increasing from $2.49 to $5.16 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that AU is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep AngloGold Ashanti on your short list. 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 AngloGold Ashanti PLC (AU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
06-06-2025
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why Fortuna Mining (FSM) is a Great Choice
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Fortuna Mining (FSM), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Fortuna Mining currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if FSM is a promising momentum pick, let's examine some Momentum Style elements to see if this silver and gold miner holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For FSM, shares are up 0.17% over the past week while the Zacks Mining - Miscellaneous industry is down 0.6% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 38.06% compares favorably with the industry's 8.33% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Fortuna Mining have increased 36.53% over the past quarter, and have gained 39.89% in the last year. In comparison, the S&P 500 has only moved 1.99% and 12.34%, respectively. Investors should also pay attention to FSM's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. FSM is currently averaging 18,243,878 shares for the last 20 days. The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with FSM. Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost FSM's consensus estimate, increasing from $0.63 to $0.70 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that FSM is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Fortuna Mining on your short list. 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 Fortuna Mining Corp. (FSM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why SSR Mining (SSRM) is a Great Choice
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at SSR Mining (SSRM), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. SSR Mining currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Let's discuss some of the components of the Momentum Style Score for SSRM that show why this precious metals mining company shows promise as a solid momentum pick. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For SSRM, shares are up 7.26% over the past week while the Zacks Mining - Miscellaneous industry is up 3.66% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 9.25% compares favorably with the industry's 1.69% performance as well. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of SSR Mining have risen 17.42%, and are up 113.81% in the last year. In comparison, the S&P 500 has only moved 1.35% and 13.07%, respectively. Investors should also pay attention to SSRM's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. SSRM is currently averaging 2,125,763 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with SSRM. Over the past two months, 1 earnings estimate moved higher compared to 3 lower for the full year. These revisions helped boost SSRM's consensus estimate, increasing from $0.95 to $1.09 in the past 60 days. Looking at the next fiscal year, 4 estimates have moved upwards while there have been no downward revisions in the same time period. Given these factors, it shouldn't be surprising that SSRM is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep SSR Mining on your short list. 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 Silver Standard Resources Inc. (SSRM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
