KINROSS GOLD CORP (NYSE:KGC): A Strong Minervini Trend Template Candidate

KINROSS GOLD CORP (NYSE:KGC) is a gold mining company with operations across North and South America, West Africa, and Chile. The stock has shown strong technical and fundamental characteristics that align with Mark Minervini’s Trend Template, a methodology designed to identify high-potential stocks in strong uptrends.

Why Minervini’s Trend Template Matters

Mark Minervini’s strategy focuses on stocks exhibiting powerful uptrends, strong fundamentals, and relative strength. His Trend Template filters for stocks with:

• Price above key moving averages (50-day, 150-day, 200-day)
• Upward-sloping moving averages
• Strong relative strength (outperforming the broader market)
• Price near 52-week highs (within 25%)
• Accelerating earnings and revenue growth

Stocks meeting these criteria often have institutional support and momentum, increasing the likelihood of continued upward movement.

How KGC Fits the Minervini Trend Template

Technical Strength

KGC scores a perfect 10 in ChartMill’s Technical Rating, indicating a robust uptrend. Key technical highlights:

• Price above all key moving averages:
  • 50-day SMA: $12.52 (rising)
  • 150-day SMA: $10.96 (rising)
  • 200-day SMA: $10.46 (rising)
• Strong relative strength: Outperforming 98% of all stocks over the past year.
• Near 52-week high: Currently trading at $14.76, just below its 52-week high of $15.46.
• Bull flag pattern: A potential continuation signal after a strong upward move.

Fundamental Strength

KGC also demonstrates strong earnings and revenue growth, a key component of Minervini’s strategy:

• EPS growth (TTM): +54.2%
• Revenue growth (TTM): +21.4%
• Free cash flow growth: +170.4%
• Profit margin improvement: Recent quarters show expanding margins, with the latest quarter at 19.5%.

Support and Resistance Levels

• Support zones:
  • $14.34–$14.71 (key moving averages & trendlines)
  • $12.83–$12.89 (secondary support)
• Resistance zone: $14.81–$15.04 (next breakout level)

Conclusion

KINROSS GOLD CORP (NYSE:KGC) meets multiple criteria of Minervini’s Trend Template, with strong technical momentum, improving fundamentals, and institutional support. While the setup quality is currently medium due to recent volatility, the stock remains a compelling candidate for further analysis.

For a deeper dive into the technicals, check the full ChartMill Technical Report.

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