Is KINROSS GOLD CORP (NYSE:KGC) a Minervini-style stock?

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.

Does KGC pass the Minervini Trend Template check?

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)

What matters for high growth investors.

Earnings Momentum

• The earnings per share (EPS) of KGC have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 81.82% increase. This reflects the company's ability to improve its profitability over time.
• Over the past year, KGC has demonstrated 54.2% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• The earnings per share (EPS) growth of KGC are accelerating: the current Q2Q growth of 81.82% is above the previous year Q2Q growth of 22.22%. Earnings momentum and acceleration are key for high growth systems.
• 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.
• With notable 1-year revenue growth of 21.44%, KGC exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• KGC has exceeded EPS estimates 3 times in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.

Financial Strength & Profitability

• KGC has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• The free cash flow (FCF) of KGC has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• The Return on Equity(ROE) of KGC is 13.83%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• At a Debt/Equity ratio of 0.18, KGC seems well-positioned to sustain growth while keeping debt in check.

Institutional Confidence & Market Strength

• KGC exhibits a favorable ownership structure, with an institutional shareholder ownership of 68.64%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
• KGC has exhibited strong Relative Strength(RS) in recent periods, with a current 97.0 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. KINROSS GOLD CORP shows promising potential for continued price momentum.

How do we evaluate the setup for NYSE:KGC?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:KGC has a 9 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, KGC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 10.99, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for KGC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

For an up to date full technical analysis you can check the technical report of KGC

Final Thoughts

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

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.