From Nasdaq: 2025-04-30 07:18:00

The Q1 earnings outlook for the Mining – Gold industry within the Basic Materials sector looks dim, with a projected 17.8% decline in earnings on 0.7% lower revenues. However, gold mining companies like Kinross Gold Corporation, Sandstorm Gold Ltd., and IAMGOLD Corporation are expected to beat earnings estimates this season due to higher gold prices and operational efficiency efforts.

Gold prices have surged 27% this year, driven by global trade war concerns and central banks increasing gold reserves. Prices hit a record high of $3,500 per ounce on April 22 due to the U.S. dollar’s decline. Gold miners are expected to benefit from higher prices, despite rising mining costs.

To pick winning gold mining stocks, look for companies with a favorable Zacks Rank and positive Earnings ESP. Kinross Gold, Sandstorm Gold, and IAMGOLD have the right combination for potential positive surprises this earnings season. Kinross, for example, has an Earnings ESP of +11.07% and a Zacks Rank #2.

IAMGOLD, with an Earnings ESP of +9.69% and a Zacks Rank #3, is expected to report positive results driven by strong production volumes and prices in the first quarter. The company has a history of beating earnings estimates and delivering strong performance, making it a potential winner this season.



Read more at Nasdaq:: 3 Gold Mining Stocks Poised to Outshine Q1 Earnings Estimates