Alert: Rating Upgrade (7/26/19)-Kinross Gold Corporation (NYSE: KGC).

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Stock Rating Upgrade

The Value Trend Rating for Kinross Gold Corporation (NYSE: KGC) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.

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Recent Price Action

On 7/26/19, Kinross Gold Corporation (NYSE: KGC) stock increased 1.7%, closing at $4.24. However, this advance was accompanied by unusually low trading volume at 62% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.6% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, KGC is expected to be a modest Value Builder.

Kinross Gold has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Kinross Gold has a neutral Appreciation Score of 40 but a very high Power Rating of 92, and the Positive Value Trend Rating results.

About John Lafferty 52821 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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