10 Cheap Gold Stocks to Invest In Right Now

3. Kinross Gold Corporation (NYSE:KGC)

Forward P/E: 13.23

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 fiscal Q4 2024, Kinross Gold Corporation (NYSE:KGC) successfully repaid $800 million in debt and attained a record free cash flow of more than $1.3 billion. It generated 2.13 million gold equivalent ounces during the year and achieved a net profitability of $948.8 million.

In addition, the company reported 37% growth in its operating margins compared to a 23% increase in the realized gold price, maximizing the benefit of the gold price for its operations. Kinross Gold Corporation (NYSE:KGC) produced over 500,000 ounces in fiscal Q4 2024, marking a strong quarter. It also attained its market commitments for 2024, delivering over 2.1 million ounces. The company takes the third spot on our list.