![]() In 2023, the global media and entertainment sector is poised to grow at a 5.4% CAGR from $2.32 trillion to over $2.7 trillion by the end of 2027. According to WSJ, analysts have given 96 “ buy ” ratings on this stock in the past two months. The median 12-month price for TCHEY is $56.20, with a range spanning from a low of $39.95 to a high of $63.73. Tencent Holdings (OTCMKTS: TCEHY) is a Chinese multinational technology and holding company that offers E-commerce, cloud computing and entertainment platforms.ĭespite TCEHY stock being down 9.62% YTD, the stock is dirt cheap relative to its peers at $40 per share. Furthermore, investing in a well-known mid-stage exploration company such as Allegiant Gold gives the opportunity for Kinross to benefit from potential discoveries and resource development in the future. This demonstrates a commitment to strategic growth. This represents a strategic move that diversifies Kinross’ portfolio and provides exposure to precious metals in the long term. Kinross has further purchased 10,036,034 units of Allegiant Gold. This year, Kinross has acquired 5,018,017 common shares of Allegiant Gold, a mid-stage precious metals exploration stage company. It is expected to grow at a 5.1% CAGR by 2030 from the advancements in digital mine innovation. The global mining equipment market was valued at $135 billion in 2022. A diluted EPS of $0.12 increased by 500% YoY which beat analyst expectations by 60.20%. Net income of $151 million additionally grew 474.69% YoY. ![]() Its most recent quarterly financials of revenue at $1.09 billion has grown 32.96% YoY and beat analyst expectations by 8.51%. Yahoo! Finance reports 15 analysts having a mean price target of $5.95, with the range spanning from as low as $3.50 to as high as $7.15.įinancials for Kinross are proving to be strong and healthy. With KGC stock being valued at $4.77, the stock is cheaply undervalued. Kinross Gold Corporation (NYSE: KGC) is a Canadian-based gold and silver mining company.
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