9. Canada's Kinross Gold ( KGC) is engaged in gold mining with projects in Canada, the U.S., Brazil, Chile, Ecuador, Russia, Ghana, and Mauritania.
For the third quarter of 2010, it had earnings of 44 cents per share compared to 15 cents per share and a loss of 4 cents per share in the quarter-ago and year-ago periods, respectively. In its third-quarter earnings release, Kinross upgraded its production guidance to 2.30 million ounces to 2.35 million ounces, up from the earlier forecast of 2.2 million ounces. The company is set to report earnings of 76 cents per share for 2010 and 86 cents per share for 2011, up from 44 cents per share in 2009, according to analysts polled by Bloomberg. Based on consensus estimates of price target, the stock has an upside of 23% for 2011, ahead of Barrick Gold's ( ABX) 18%, Newmont Mining's ( NEM) 20%, and Agnico-Eagle Mines' ( AEM) 9%. Of the 23 analysts covering the stock, 16 recommend buying, 6 rated holding, while 1 advised selling.