Kinross Gold Corp (NYSE: KGC) has reported earnings for its third fiscal quarter (ending September 30) of $0.29 versus $0.09 for the same period a year ago — an increase of 222%. For the latest four quarters through September 30, E.P.S. were $0.61 compared to $0.21 a year ago — an increase of 190%.
Recent Price Action
Kinross Gold Corp (NYSE: KGC) stock closed at $10.03 on 11/5/24 after a modest gain of 0.6%. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, KGC is expected to continue to be a 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 53 but a very high Power Rating of 98, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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