Alert: Major Price Decline (11/7/19)-Kinross Gold Corp (NYSE: KGC).


Kinross Gold Corp (NYSE: KGC) stock suffered a major decline of -11.9% on 11/7/19. The shares closed at $4.24. Moreover, exceptionally high trading volume at 208% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.7% during the last week.


Current PriceTarget Research Rating

KGC is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

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 complementary signals. Kinross Gold has a slightly positive Appreciation Score of 70 and a very high Power Rating of 99, resulting in the Highest Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of A. 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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