Kinross (KGC) Rallies 81% in 6 Months: Time to Buy the Stock?
Kinross(KGC) ZACKS·2024-08-19 21:02
Kinross Gold Corporation’s (KGC) shares have shot up 80.9% in the past six months, outperforming the Zacks Mining – Gold industry’s gain of 41.9%. The bullishness appears to have been partly catalyzed by its better-than-expected earnings performance in the second quarter on the back of higher gold prices.The stock is currently trading at a roughly 3% discount to its 52-week high of $9.45, reached on Aug 2, 2024, thanks to strong second-quarter results and a surge in gold prices. Technical indicators for Kin ...