On today’s Breakouts report, there are six stocks on the positive breakouts list (stocks with positive price momentum), most of which are gold stocks, and 77 stocks are on the negative breakouts list (stocks with negative price momentum).
Discussed today is a gold stock that is on the positive breakouts list – Kinross Gold Corp. (K-T). Month-to-date, the share price has rallied 20 per cent, making it the second best performing stock in the S&P/TSX Composite Index.
A brief outline on Kinross is provided below that may serve as a springboard for further fundamental research when conducting your own due diligence.
The company
Toronto-based Kinross is a senior gold producer with operations in the Canada, the U.S., Brazil, Chile and Mauritania. Over 50 per cent of its production stems from two mines, Tasiast in Mauritania and Paracatu in Brazil.
In terms of its forecast 2023 geographical production breakdown, 32 per cent of total forecast…
