Kinross Gold (Kinross Gold) 6-1 Month Momentum %

: 6.59% (As of Today)

View and export this data going back to 1994. Start your Free Trial

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-18), Kinross Gold's 6-1 Month Momentum % is 6.59%.

The industry rank for Kinross Gold's 6-1 Month Momentum % or its related term are showing as below:

KGC's 6-1 Month Momentum % is ranked better than
67.49% of 2544 companies
in the Metals & Mining industry
Industry Median: -10.83 vs KGC: 6.59

Competitive Comparison

For the Gold subindustry, Kinross Gold's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kinross Gold 6-1 Month Momentum % Distribution

For the Metals & Mining industry and Basic Materials sector, Kinross Gold's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Kinross Gold's 6-1 Month Momentum % falls into.

Kinross Gold (NYSE:KGC) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kinross Gold (NYSE:KGC) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Kinross Gold 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Kinross Gold's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kinross Gold (Kinross Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.