Bullish Case: Kinross Gold's solid track record, recent dividend declaration, and favorable AI price forecast suggest underlying strength and investor confidence, as well as potential for growth.


Bearish Case: Backwardation in options term structure, recent analyst downgrades, and market skepticism signal potential headwinds and a challenging outlook for Kinross Gold.


Potential Outcomes: Short-term upside on positive earnings (40%); sustained downside from market skepticism and competition (45%); neutral, sideways trading with mixed indicators (15%).


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February 21, 2024


Kinross Gold Forecast

[KGC]  Kinross Gold
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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Assets that tend to move strongly with KGC



HMY Forecast + Options Trading Strategies   [HMY]  Harmony Gold Mining (0.9)


GLD Forecast + Options Trading Strategies   [GLD]  SPDR Gold Shares (0.8)


LOGI Forecast + Options Trading Strategies   [LOGI]  Logitech International (0.77)


WM Forecast + Options Trading Strategies   [WM]  Waste Management (0.75)


CBOE Forecast + Options Trading Strategies   [CBOE]  Cboe Global Markets (0.74)



Uncorrelated Stock Forecasts

Assets with little price relationship to KGC



CP Forecast + Options Trading Strategies   [CP]  Canadian Pacific Railway (-0.0)


PBF Forecast + Options Trading Strategies   [PBF]  PBF Energy (0.0)


CF Forecast + Options Trading Strategies   [CF]  CF Industries (-0.0)


XLE Forecast + Options Trading Strategies   [XLE]  Energy Select Sector SPDR (0.0)


OIH Forecast + Options Trading Strategies   [OIH]  VanEck Vectors Oil Services (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against KGC



GOGO Forecast + Options Trading Strategies   [GOGO]  Gogo (-0.71)


SMTC Forecast + Options Trading Strategies   [SMTC]  Semtech (-0.72)


CHPT Forecast + Options Trading Strategies   [CHPT]  ChargePoint (-0.72)


LAZR Forecast + Options Trading Strategies   [LAZR]  Luminar (-0.74)


SLDP Forecast + Options Trading Strategies   [SLDP]  Solid Power (-0.75)





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