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.
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.