Why Kinross Gold Corp. (KGC) Went Up On Thursday?

Insider Monkey
04-11

We recently published a list of 10 Firms Buck Thursday’s Market Bloodbath. In this article, we are going to take a look at where Kinross Gold Corp. (NYSE:KGC) stands against other Thursday’s best performers.

Investors sold off positions on Thursday, sending the stock market tumbling anew following President Donald Trump’s announcement that he had actually raised tariffs on Chinese goods by 145 percent since taking office.

Among all major indices, the Nasdaq was battered the most, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent.

Meanwhile, 10 companies bucked a broader market decline, registering modest gains during the session.

In this article, we have listed Thursday’s 10 best performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

Aerial shot of a mine entrance, the bedrock of the company's gold and silver extraction.

Kinross Gold Corp. (NYSE:KGC)

Shares of Kinross Gold rose for a second day on Thursday, adding 5.15 percent to end at $13.69 apiece as the company benefitted from higher gold prices that were touted as investors’ safe haven amid ongoing market uncertainties.

Thursday’s increase marked KGC’s second consecutive day of gains, bucking a broader market pessimism.

Spot prices of gold ended 0.35 percent higher on Thursday at $3,187.30 per ounce after jumping to an all-time high of $3,188.45 at the intra-day session.

In other news, KGC earned a positive rating from Moody’s Research, having been assigned a Baa3 rating, thanks to the gold miner’s efforts in lowering its debt level and maintaining an annual production of approximately 2 million ounces.

In full year 2024, KGC saw its net income surge by 127.9 percent to $948.8 million from $416.3 million in the previous year. Sales, on the other hand, jumped 21 percent to $5.1 billion from $4.2 billion.

Kinross Gold Corporation (NYSE:KGC) is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Canada.

Overall, KGC ranks 10th on our list of Thursday’s best performers. While we acknowledge the potential of KGC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than KGC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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