We've compiled it recently According to the billionaire, there are 12 best gold stocks. In this article, we will explore the position of Kinross Gold Corporation (NYSE: KGC) against other gold stocks.
In the global metals industry, the gold industry is essential because it provides profitable opportunities for long-term investors and store of value in times of crisis. Due to the period of inflation and geopolitical unrest, gold remains one of the most popular precious metals in the world, as well as its growing use in cutting-edge technologies.
according to ReutersAs of March 2025, gold prices have risen to their all-time highs, with spot prices reaching $2,936.38 per ounce and U.S. gold futures as high as $2,956.10. Recording central bank purchases, growing concerns about inflation and changing global monetary policy have all contributed to this surge, making gold a key asset class in an uncertain environment. Demand for gold as a safe haven has increased due to the increasing uncertainty brought about by the ongoing trade war between investors in the United States and China, resulting in supply chain disruptions and retaliatory tariffs.
Gold generated a 43.83% return in 2024, which is higher than the 20.89% growth in the overall market. The total demand for gold reached a record 4,974 metric tons, supported by over-the-counter investment and strategic central bank hoards, especially in emerging countries such as China and India. According to the Central Bank, the central bank has purchased more than 1,000 metric tons for the third consecutive year. World Gold Council. This accumulation enhances the attractiveness of gold, part of a larger trend away from the U.S. currency. Despite the high costs being 11%, the premium investors are willing to pay in the current inflationary environment is reflected in a 9% increase in total spending on gold jewelry.
Strong demand for investment further supports the market momentum. Demand for actual bars and coins remains steady at 1,186 tons, while the ETF has not been significantly extracted for the first time since 2020. Technology usage has also increased by 7% due to the use of gold in semiconductor and artificial intelligence applications. Arbitrage opportunities have increased by 80% of U.S. COMEX inventory since the second half of 2024 as gold moves to the U.S. from Asian markets such as Dubai and Hong Kong.
Additionally, billionaire investors have increased their focus on the metals industry. according to 2024 UBS Billionaire Ambition Report40% of wealthy investors intend to expand their holdings in gold and other precious metals in the coming year. Warren Buffett's conglomerate chose mining stocks over actual gold, while Jeff Bezos and Bill Gates have invested $537 million in the rare metals industry in Africa. This is part of a larger strategy towards assets related to technology and sustainable energy. Eight out of the top 100 billionaires Forbes In mining and metals, their wealth highlights the industry's continued profitability.
According to the Billionaire, to create our 12 best gold stocks, we looked at the exclusive database of billionaire stock holdings at Insider Monkey. Based on the people with the largest number of billionaires investors as of the fourth quarter of 2024, we selected the 12 best gold stocks. We take the total value held by billionaires as a secondary criterion, ranking stocks with the same number of billionaires. According to Insider Monkey's database, we also considered the number of hedge funds holding their respective stocks.
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).
Aerial footage of the mine entrance, the company's gold and silver extracted bedrock.
Number of billionaires investors: 12
Number of hedge fund holders: 42
The acquisition, exploration and development of metal properties in the United States, Brazil, Chile, Canada and Mauritania defines the business of Kinross Gold Corporation (NYSE: KGC). In addition, the company produces silver and engages in gold mining, reclamation and reclamation. The $598.4 million that the billionaire owns in Kinross Gold demonstrates investors’ confidence in the company’s voice foundation and future expansion, which helps it rank as the best gold stake.
According to its annual forecast, Kinross Gold Corporation (NYSE: KGC) produced 512,000 Gold equivalent ounces in Q1 2025, with a cost of $10.38 per ounce. The result of this success is that strong free cash flow is $371 million and net debt is reduced to $540 million. Thanks to the favorable gold pricing environment, the company is able to achieve strong profits in its portfolio. Kinross is still in good financial position, with a healthy cash position and a total liquidity of $2.3 billion. The business plans to produce 2 million ounces in a year, at an ongoing cost of $15 per ounce and at a sales cost of $11.20 per ounce.
Adjusted operating cash flow was $676 million, which could be attributed to $371 million, which could be attributed to $671 million in the first quarter of 2025. The financial share of the financial stock repurchase program is the $500 million stock repurchase program (NYSE: KGC) of the financial cooperation, demonstrating its confidence in its financial stability. Risks include operational disruptions, gold price transfers and exploration difficulties, especially at new project locations, even in good market situations.
Kinross Gold Corporation (NYSE: KGC) focuses on the Brownfield project in particular, but remains committed to exploring important locations including Tasiast and Paracatu. CEO Paul Rollinson acknowledged Kinross emphasized producing net cash by the end of the year, but developed confidence in the company's means of production and cash flows.
Overall kgc Ranked third According to billionaires, on our list of best gold stocks. Although we acknowledge the potential of kgc is an investment, our belief is that certain AI stocks have higher returns and offer greater hope in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than kgc but have less than 5 times its earnings, check out our report Cheapest AI stocks.
Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.
Disclosure: None. This article was originally published in Internal monkey.