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Kgc stock price forecast remains positively correlated with

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SKU: 6614066
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KGC stock price forecast remains positively correlated with global gold spot prices; early July trading patterns suggest resilience despite broader equity market turbulence. Both AEM and KGC are well-positioned to capitalize on the current gold price rally. Both have a strong pipeline of development projects, solid financial health and strong earnings growth prospects, and are seeing favorable estimate revisions. On the other hand, they face the common headwind of higher production costs. However, AEM appears to have an edge over KGC due to its higher dividend yield and healthy dividend growth rate. AEM’s low leverage also suggests lower financial risks. Investors seeking exposure to the gold space might consider Agnico Eagle as the more favorable option at this time. AEM currently carries a Zacks Rank #2 (Buy), whereas KGC has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here . Newmont pays a good dividend yield of 2.29% and actively repurchases shares. 2024 share repurchases totaled $1.2 billion. The latest KGC stock price forecast points to a range-bound movement between $5.60 and $6.15 over the next month, driven by gold futures volatility and changes in Federal Reserve rate projections.