KINROSS GOLD CORP (NYSE:KGC) Emerges as a High-Growth Momentum Stock

Investors looking for high-growth chances often mix strict technical screening with fundamental momentum study to find stocks set for major gains. One methodical way uses Mark Minervini's Trend Template to verify a stock is in a strong uptrend, then adds a High Growth Momentum (HGM) rating to check the company's core business is showing fast growth. This two-part method targets securities that are not only technically good but also have speeding earnings and sales, a mix that often comes before large price increases.

KINROSS GOLD CORP (NYSE:KGC) has recently appeared from this kind of screening process, satisfying the strict needs for both technical soundness and fundamental growth momentum.

Technical Soundness: Following the Minervini Trend Template

Mark Minervini's Trend Template is made to find stocks in a clear stage 2 uptrend, shown by particular moving average setups and price movement compared to important levels. KGC shows a strong technical picture that fits this approach.

• Price Above Important Moving Averages: The stock's present price is above its increasing 50-day, 150-day, and 200-day simple moving averages. This layered setup is a main part of the Trend Template, showing continued buying interest across short, intermediate, and long-term periods.
• Moving Average Setup: The 50-day SMA is higher than the 150-day SMA, which is also higher than the 200-day SMA. This step-by-step order verifies the trend is not just positive but also speeding up, a sign of top stocks.
• Location Compared to 52-Week High/Low: KGC is trading within 25% of its 52-week high, showing it has the speed common in market leaders. At the same time, it is trading over 30% above its 52-week low, confirming a solid rebound and clear uptrend.
• Strong Relative Strength: With a ChartMill Relative Strength (CRS) rating of 96.38, KGC is doing better than 96% of all stocks in the market. Minervini points out that stocks with high relative strength, usually above 70 and ideally in the 80s or 90s, are frequently the top performers as they are being bought by big investors.

Fundamental Momentum: Meeting the Standard for a High-Growth Candidate

While the Trend Template makes sure a stock is technically good, the High Growth Momentum rating checks that the company's financial performance is very strong. KGC displays a number of fundamental traits that growth investors look for.

• Fast Earnings Growth: The company has shown notable earnings speed. Its EPS Growth on a trailing twelve-month (TTM) basis is 151%, and its latest quarterly EPS grew 214% year-over-year. This type of strong earnings speed is a main force behind stock price gains and a central part of growth plans.
• Solid Revenue Growth: Backing the earnings growth is a good top-line result. Revenue growth on a TTM basis is more than 34%, with the last quarter showing a 41.7% rise from the same quarter the previous year. Steady and speeding revenue growth points to growing market presence and good demand for the company's products.
• Positive Analyst Changes: The average analyst guess for next year's EPS has been moved up by 56.9% in the past three months. This is an important sign, as Minervini states that upward earnings changes often come before more price gains as the market adapts to better future outlooks.
• Getting Better Profitability: The company's profit margin in the last reported quarter was 30.7%, a large gain from 24.6% in the quarter before and 18.4% in the last full fiscal year. Growing margins point to good operations and the ability to set prices, which can result in fast earnings growth.

Technical Analysis Summary

The independent technical analysis for KGC supports its strong position. ChartMill gives the stock a perfect Technical Rating of 10, showing very good technical condition across many time periods. The long-term and short-term trends are both seen as positive, and the stock is currently showing a bull flag formation, which can offer a possible chance to enter within a continuing uptrend. The analysis also finds a clear support area near $24.25, giving a sensible level for managing risk, with resistance seen close to the recent highs.

For a complete look at the technical view, including exact support and resistance levels, you can see the full technical report for KGC.

Locating Comparable Chances

KGC is a good example of the kind of chance that can be found by methodically joining trend and momentum filters. For investors wanting to find other stocks that satisfy similar strict needs for both technical soundness and high growth momentum, this pre-set screening method can be a useful beginning for more study.

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Disclaimer: This is not financial advice. The content is intended to be used for information and education purposes only. It is crucial to conduct your own research and consider your personal financial situation before making any investment decisions. The examples and screenshots provided are for illustrative purposes and are not recommendations to buy or sell any security.