Alert: Negative Investment/Fundamental Signals (10/16/19)-Kinross Gold Corp (NYSE: KGC)


Recent extremely meaningful negative changes in investment behavior have impacted Kinross Gold Corp (NYSE: KGC): negative upside/downside volume developed, and its shorter term price trend turned down.

Kinross Gold Corp (NYSE: KGC). Meaningful negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, KGC is expected to be a modest Value Builder.

Kinross Gold has a current Value Trend Rating of A (Highest Rating). 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 50 but a very high Power Rating of 98, with the Highest Value Trend Rating the result.

Recent Price Action

Kinross Gold Corp (NYSE: KGC) stock enjoyed a large increase of 2.7% on 10/16/19. The stock closed at $4.63. However, exceptionally low trading volume at 50% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.1% during the last week.

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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