Kinross Gold Corp (NYSE:KGC) Combines Strong Earnings Growth with Bullish Technical Setup

A methodical way to find good investment chances joins basic growth speed with technical breakout formations. This process filters for businesses showing solid earnings speed, good estimate changes, and growing profit margins, important parts of the ChartMill High Growth Momentum Rating, while also displaying good technical condition and consolidation formations using the Technical Rating and Setup Quality scores. Stocks that rate well in these areas offer interesting chances for momentum investors looking for businesses with both solid operational speed and positive price chart formations.

Fundamental Growth Momentum

Kinross Gold Corp (NYSE:KGC) shows notable basic growth features that add to its High Growth Momentum Rating of 7. The company's earnings results display significant speed increase over recent reporting periods:

• Quarterly EPS growth rose from 81.8% two quarters ago to 214.3% in the last quarter
• TTM EPS growth is at 151.1%, much higher than the wider market
• Free cash flow per share increased by 356.4% during the last year
• Revenue growth continues to be good at 34.4% TTM, with the latest quarterly sales growth of 41.7%

The company's profitability numbers show major gain, with profit margins growing from 19.5% two quarters ago to 30.7% in the most recent quarter. This margin growth is important for high growth speed investing, as it shows the company is increasing revenue in a profitable way. Analyst opinion has become more positive, with next-year EPS estimates changed upward by 56.9% over the last three months, showing increasing belief in the company's growth path.

Technical Strength and Setup Quality

Kinross Gold shows very good technical features, getting a top Technical Rating of 10. The stock shows solid relative performance, doing better than 96% of all stocks in the market and 81% of stocks in the Metals & Mining industry. Both short-term and long-term price directions are positive, with the stock priced close to its 52-week high.

Important technical points include:

• The stock is priced higher than all main moving averages (20-day, 50-day, 100-day, and 200-day)
• Several support areas are present between $23.51 and $23.63, joining trendlines and moving averages
• More support levels are found at $22.26, $17.50, and $14.42
• Average daily volume of 18.7 million shares provides sufficient liquidity

The Setup Rating of 7 shows the stock is making a possible bull flag formation, where prices have moved down a little after a good upward price change. While the setup quality is rated as medium because of recent price movement, the consolidation formation indicates the stock could be getting ready for its next upward move. Detailed technical analysis shows particular entry and exit points for traders thinking about starting a position.

Investment Implications

For momentum investors, Kinross Gold offers an interesting situation with aligned basic and technical positives. The company's very good earnings growth, margin growth, and positive estimate changes match well with high growth speed requirements, while the technical setup gives a possible entry point after recent consolidation. The joining of these elements indicates the stock might be set for continued good performance, especially with its solid relative performance compared to both the wider market and its industry group.

The methodical process of joining high growth speed basics with technical breakout formations helps find stocks like Kinross Gold that show both operational speed and positive chart setups. This process gives a structure for finding businesses that not only display solid growth features but also offer technically sound trading chances.

Discover more high growth momentum breakout setups through our specific screening tools that find businesses meeting these strict conditions.

Disclaimer: This analysis is for informational purposes only and does not constitute investment advice, recommendation, or endorsement of any security or strategy. Investors should conduct their own research and consult with financial advisors before making investment decisions. Past performance does not guarantee future results, and all investments carry risk including potential loss of principal.