5 Most Promising Gold Stocks According to Analysts

In this article, we will take a look at the 5 most promising new gold stocks according to analysts. To see more such companies, go directly to 12 Most Promising Gold Stocks According to Analysts.

5. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 24

Average Price Target by Analysts: $5.30

Shares of Canadian-based gold and silver mining firm Kinross Gold Corporation (NYSE:KGC) have lost about 30% over the past year. Kinross Gold Corporation (NYSE:KGC)’s average price target set by analysts presents a decent upside potential from current levels. It is also one of the notable low-cost dividend stocks to buy. Earlier in February, Kinross Gold Corporation (NYSE:KGC) announced a quarterly dividend of $0.03 per share, in-line with the previous dividend. Forward dividend yield at the time came in at 3.05%.

The dividend is payable on March 23 for shareholders of record as of March 8.

Earlier this month, Kinross Gold Corporation (NYSE:KGC) posted fourth quarter results that beat analyst estimates. Adjusted EPS in the quarter was $0.09, beating estimates by $0.02. Revenue in the quarter totaled $1.08 billion, beating estimates by $30 million. The revenue figure shows a YoY growth of about 75.6%.