KINROSS GOLD CORP (NYSE:KGC) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company’s strong technical setup and accelerating fundamentals make it a compelling candidate for growth-focused investors.
Why KGC Fits the Minervini Trend Template
Minervini’s strategy focuses on stocks exhibiting strong uptrends, supported by key moving averages and relative strength. KGC meets these criteria:
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Price Above Key Moving Averages:
- Current price ($14.79) is above the 50-day SMA ($13.75), 150-day SMA ($11.55), and 200-day SMA ($10.99).
- The 50-day SMA is above both the 150-day and 200-day SMAs, confirming bullish momentum.
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Upward-Trending Averages:
- The 150-day and 200-day SMAs are rising, reinforcing long-term strength.
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Strong Relative Strength:
- KGC outperforms 96% of all stocks over the past year, with a relative strength score of 96.16.
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Price Near 52-Week High:
- Trading within 7.3% of its 52-week high ($15.96), indicating sustained upward momentum.
High Growth Momentum Fundamentals
KGC’s growth metrics support its momentum-driven appeal:
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Earnings Growth:
- EPS (TTM) surged 87.2% YoY, with the latest quarter showing 200% YoY growth.
- Analysts have raised next-year EPS estimates by 13.97% over the past three months.
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Revenue Expansion:
- Revenue grew 26.7% YoY (TTM), with recent quarterly sales up 38.5%.
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Profitability Improvements:
- Profit margins expanded to 19.47% (latest quarter), up from 9.82% two years ago.
- Free cash flow per share jumped 170.4% YoY, reflecting strong operational efficiency.
Technical Outlook
The stock’s technical rating of 10/10 highlights its strong uptrend, while the setup score of 7/10 suggests a consolidation phase before potential continuation. Key support levels are at $14.11–$14.40, with resistance near $15.07.
For a deeper technical breakdown, review the full technical analysis report.
Our High Growth Momentum + Trend Template screener lists more stocks meeting these criteria.
Disclaimer
This is not investment advice. Always conduct your own research and consider risk management before making investment decisions.
