Does KINROSS GOLD CORP (NYSE:KGC) meet the Minervini criteria?

In this article we will dive into KINROSS GOLD CORP (NYSE:KGC) as a possible candidate for growth investing. Investors should always do their own research, but we noticed KINROSS GOLD CORP showing up in our Minervini growth screen, which makes it worth to investigate a bit more.

A Technical Analysis using the Minervini Trend Template.

The Minervini Trend Template is a set of technical criteria designed to identify stocks in strong uptrends. We can check all the boxes for KGC:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

Why we can consider KGC a High Growth Stock.

Every stock receives a High Growth Momentum Rating (HGM) from ChartMill, ranging from 0 to 10. This rating assesses various growth and profitability aspects, including historical and projected EPS and revenue growth. KGC boasts a 5 out of 10:

Earnings Momentum

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), KGC highlights its ability to generate increasing profitability, showcasing a 81.82% growth.
• The 1-year EPS growth of KGC (54.2%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• With consistent quarter-to-quarter (Q2Q) revenue growth of 26.9%, KGC exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
• KGC has demonstrated strong 1-year revenue growth of 21.44%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• Over the past 3 months, analysts have adjusted their EPS Estimate for KGC with a 5.71% change. This highlights the evolving outlook on the company's EPS potential.
• KGC has surpassed EPS estimates 3 times in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.

Financial Strength & Profitability

• The operating margin of KGC has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• With positive growth in its profit margin over the past year, KGC showcases its ability to improve profitability.
• KGC has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• KGC has a healthy Return on Equity(ROE) of 13.83%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• With a Debt-to-Equity ratio at 0.18, KGC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.

Institutional Confidence & Market Strength

• KGC demonstrates a balanced ownership structure, with institutional shareholders at 68.64%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.
• The Relative Strength (RS) of KGC has consistently been strong, with a current 97.96 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength.

Looking at the Setup

ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. KGC currently has a 5 as setup rating:

KGC has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Our latest full technical report of KGC contains the most current technical analsysis.

More like this

More ideas for high growth momentum stocks can be found on ChartMill in our High Growth Momentum + Trend Template screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.