Stock Rating Upgrade
The Value Trend Rating for Kinross Gold Corp (NYSE: KGC) improved in recent days 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
Kinross Gold Corp (NYSE: KGC) stock was unchanged 0.0% on 4/8/24. The shares closed at $6.40. Moreover, above average trading volume at 148% of normal accompanied the flat performance. The stock has been strong relative to the market over the last nine months and has risen 4.4% during the last week.
Current PriceTarget Research Rating
KGC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue 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. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Kinross Gold has a slightly positive Power Rating of 61 and a slightly positive Appreciation Score of 65, leading to the Positive Value Trend Rating.
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