Kinross Gold Corp. (NYSE: KGC) is still trading for a bargain when considering its estimated upside. This company is a well-established gold producer with global mining activities in key regions like Russia, the United States, Canada, Brazil, and Ghana.
Gold is used extensively in alternative energy technologies. It is a major component of semiconductor technology and electronics. Gold is also being explored as a potential component to increase the storage capacity and efficiency of lithium batteries.
Kinross is one of the best gold stocks because the company has historical stability and strong financials today. An EPS of $0.85, a market cap of $8.75 billion, and an average trading volume of more than 2 million shares per day set this pick apart from most ‘bargain’ investments. Unlike many of its peers at this price point, Kinross offers a reliable dividend of $0.03 per share, equating to a yield of 1.73% at today’s price.
Analysts predict a strong upside on this stock with an average target price of $12.25 and a high-end target of $15.54. For its growth potential and long-term viability, this is one of the best alternative stock picks today.
- 1 Year Price Growth: 33%
- YTD Price Growth: -4.77%
- 3 Month Price Growth: -21.37%
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.