KGC’s 324th-Ranked Trading Volume Hid 109% YTD Surge as Gold Prices and Strategic Moves Fuel Outperformance

On August 19, 2025, Kinross Gold (KGC) fell 3.51% with a trading volume of $0.31 billion, ranking 324th in daily liquidity. The stock has surged 109.1% year-to-date, outperforming peers in the gold mining sector amid rising gold prices and strategic industry dynamics.

Short interest in KGC declined by 5.32% in July, with 1.24% of the float sold short, reflecting reduced bearish sentiment. The short interest ratio stands at 0.8, indicating a low risk of a short squeeze. Institutional investors including Simplex Trading LLC and Royal Bank of Canada hold short positions, as disclosed in recent SEC filings.

The gold price rally, driven by trade tensions and central bank demand, has bolstered mining equities. While KGC’s performance lags behind Newmont’s 85.4% YTD gain, its valuation remains competitive. The stock trades at a forward P/E of 13.12x, aligning with industry averages, and benefits from a strong cash flow profile in the gold sector.

A backtest of a strategy buying the top 500 volume stocks and holding for one day yielded $2,940 in profit from December 2022 to August 2025, with a maximum drawdown of $1,960. This highlights the strategy’s volatility but underscores positive net returns over the period.