Alert: Major Price Advance (8/1/19)-Kinross Gold Corporation (NYSE: KGC).


Kinross Gold Corporation (NYSE: KGC) stock enjoyed a major increase of 11.2% on 8/1/19. The shares closed at $4.47. Moreover, this advance was accompanied by exceptionally high trading volume at 325% of normal. The stock has risen 4.9% during the last week and has been exceptionally strong relative to the market over the last nine months.


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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Kinross Gold has a neutral Appreciation Score of 43 but a very high Power Rating of 92, resulting in the Positive Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

About John Lafferty 76994 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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