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Are Investors Undervaluing Kinross Gold (KGC) Right Now?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Kinross Gold (KGC - Free Report) . KGC is currently sporting a Zacks Rank #1 (Strong Buy) and an A for Value. The stock holds a P/E ratio of 11.66, while its industry has an average P/E of 12.45. Over the last 12 months, KGC's Forward P/E has been as high as 17.79 and as low as 10.27, with a median of 13.30.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. KGC has a P/S ratio of 3.09. This compares to its industry's average P/S of 3.22.
Finally, investors will want to recognize that KGC has a P/CF ratio of 8.27. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. KGC's P/CF compares to its industry's average P/CF of 10.71. KGC's P/CF has been as high as 8.47 and as low as 5.54, with a median of 6.94, all within the past year.
These are only a few of the key metrics included in Kinross Gold's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, KGC looks like an impressive value stock at the moment.
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Are Investors Undervaluing Kinross Gold (KGC) Right Now?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Kinross Gold (KGC - Free Report) . KGC is currently sporting a Zacks Rank #1 (Strong Buy) and an A for Value. The stock holds a P/E ratio of 11.66, while its industry has an average P/E of 12.45. Over the last 12 months, KGC's Forward P/E has been as high as 17.79 and as low as 10.27, with a median of 13.30.
Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. KGC has a P/S ratio of 3.09. This compares to its industry's average P/S of 3.22.
Finally, investors will want to recognize that KGC has a P/CF ratio of 8.27. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. KGC's P/CF compares to its industry's average P/CF of 10.71. KGC's P/CF has been as high as 8.47 and as low as 5.54, with a median of 6.94, all within the past year.
These are only a few of the key metrics included in Kinross Gold's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, KGC looks like an impressive value stock at the moment.