KGC Stock Surges 17% With A 7-day Winning Spree On Record Gold Prices
Kinross Gold (KGC) stock hit day 7-day winning streak, with cumulative gains over this period amounting to a 17%. The company market cap has surged by about $5.8 Bil over the last 7 days, and currently stands at $40 Bil.
The stock has YTD (year-to-date) return of 17.0% compared to 1.9% for S&P 500. This calls for a re-evaluation of the stock’s valuation to find out whether this is an opportunity, or a trap.
What Triggered The Rally?
[1] Surge in Gold Prices to Record Highs
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- Gold prices surged past $4,600 per ounce on January 12, 2026
- Geopolitical tensions and concerns over Federal Reserve independence fueled a flight to safety
- Impact: Broad-based buying across the mining sector, Increased investor appetite for gold equities as a hedge
[2] Sustained Institutional Accumulation
- Consensus analyst rating of “Buy” or “Strong Buy”
- Desjardins initiated coverage with a “Buy” rating in early January
- Impact: Stock reached a new 52-week high, Positive sentiment reinforced by strong analyst ratings
Opportunity or Trap?
Below is our take on valuation.
There is not much to fear in KGC stock given its overall Very Strong operating performance and financial condition. This isn’t appropriately reflected in the stock’s Moderate valuation which is why we think it is Attractive (For details, see Buy or Sell KGC).
But here is the real interesting point.
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Returns vs S&P 500
The following table summarizes the return for KGC stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | KGC | S&P 500 |
|---|---|---|
| 1D | 5.4% | 0.2% |
| 7D (Current Streak) | 17.0% | 1.9% |
| 1M (21D) | 20.8% | 1.3% |
| 3M (63D) | 36.0% | 6.5% |
| YTD 2026 | 17.0% | 1.9% |
| 2025 | 206.1% | 16.4% |
| 2024 | 55.6% | 23.3% |
| 2023 | 51.8% | 24.2% |
However, big gains can follow sharp reversals – but how has KGC behaved after prior drops? See KGC Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 96 S&P constituents with 3 days or more of consecutive gains and 22 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 79 | 15 |
| 4D | 8 | 6 |
| 5D | 3 | 1 |
| 6D | 3 | 0 |
| 7D or more | 3 | 0 |
| Total >=3 D | 96 | 22 |
Key Financials for Kinross Gold (KGC)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $4.2 Bil | $5.1 Bil |
| Operating Income | $764.4 Mil | $1.5 Bil |
| Net Income | $416.3 Mil | $948.8 Mil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $1.7 Bil | $1.8 Bil |
| Operating Income | $762.1 Mil | $797.5 Mil |
| Net Income | $530.7 Mil | $584.9 Mil |
While KGC stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.