Here's Why Kinross Gold (KGC) is a Strong Value Stock

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Style Scores [1][5] Zacks Style Scores - Stocks are rated from A to F based on value, growth, and momentum characteristics, with A being the highest score indicating a better chance of outperforming the market [2] - The Value Score focuses on identifying undervalued stocks using metrics like P/E and Price/Cash Flow [2] - The Growth Score evaluates stocks based on projected earnings and sales growth, targeting companies with sustainable growth potential [2] - The Momentum Score identifies trends in stock prices and earnings estimates to help investors time their investments [3] - The VGM Score combines all three Style Scores, providing a comprehensive rating for stocks based on value, growth, and momentum [4] Zacks Rank and Style Scores Interaction - The Zacks Rank uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [6] - Stocks with lower ranks (4 or 5) may still have high Style Scores but are likely to decline due to negative earnings forecasts [6] Company Spotlight: Kinross Gold (KGC) - Kinross Gold Corporation, based in Ontario, Canada, is a leading gold mining company with 2022 production of approximately 2 million gold equivalent ounces, primarily in the Americas [7] - KGC holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating solid performance potential [7] - The company has a Value Style Score of A, supported by a forward P/E ratio of 12.94, making it attractive for value investors [7] - Recent analyst revisions have increased KGC's earnings estimate for fiscal 2023 by $0.02 to $0.42 per share, with an average earnings surprise of 40.9% [7][8]