Kinross Gold Corp. (NYSE: KGC) is a Canadian gold mining company with operations in Canada, the United States, Russia, Chile, Ghana, Ecuador, and Mauritania. This is a popular stock for both gold investors and bargain investors. Today, its price makes it compelling, and there’s a likely upside to come.
Gold is an essential component used in alternative energy industries. It can be found in advanced battery technology, solar panels, and as a component in microprocessors used for embedded computers and controllers. Gold has become a standout investment during the Coronavirus Pandemic, due to its stability within a largely unstable global economy. Bargain investors who are interested in solar, electric vehicles, and lithium battery technology can see gold as a complementary investment.
Kinross will report earnings in November. EPS is expected to increase by 150% year over year, which could help to drive the stock price upwards and reverse the downward trend of recent months. Today, this stock is both affordable and high in value. It comes with a dividend yield of 1.41%. The average target price of $12.36 suggests strong growth for investors who buy quickly. For its bargain price, upside, and connection to alternative energy industries, this is one of the best alternative stocks for October.
- 1 Year Price Growth: 41%
- YTD Price Growth: 54%
- 3 Month Price Growth: -3.08%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.