10 Best Affordable Stocks Under $20 to Buy

5. Kinross Gold Corporation (NYSE:KGC)

Stock Price: $13.76

Forward P/E: 11.91

Number of Hedge Fund Holders: 39

Based in Canada, Kinross Gold Corporation (NYSE:KGC) is a global senior gold mining company that operates in the US, Brazil, Mauritania, Chile, and Canada. Its projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast, and Great Bear projects.

In a report released on May 7, Stifel Nicolaus analyst Ralph M. Profiti maintained a Buy rating on Kinross Gold Corporation (NYSE:KGC) and set a price target of C$24.50.

The rating came after the company’s strong financial results for fiscal Q1 2025 on May 6. The company reported notable growth in net earnings attributable to common shareholders, reaching $368 million compared to $107 million last year.

Kinross Gold Corporation (NYSE:KGC) also experienced a 38% rise in metal sales, attributed to higher gold sales prices and volumes. Although it underwent a minute fall in attributable gold equivalent ounces produced, operating earnings rose by 195%.

These trends reflect improved market conditions and solid operational performance, supporting bullish analyst sentiment and highlighting Kinross Gold Corporation’s (NYSE:KGC) ability to capitalize on favorable market dynamics.