Kinross Gold Falls 1.96% Amid $710M in Trading Volume Ranks 164th in Market Activity

On October 2, 2025, Kinross Gold (KGC) closed at a 1.96% decline with a trading volume of $0.71 billion, ranking 164th in market activity. The session reflected mixed market sentiment amid broader sector volatility, with the stock underperforming against key gold price movements and sector indices. Analysts noted that technical indicators showed a weakening short-term momentum, though long-term fundamentals for gold remain intact.

Recent developments highlighted by investors included a strategic review of the company’s asset portfolio, with management emphasizing potential divestitures to streamline operations. While no immediate catalysts were announced, the focus on capital efficiency has historically driven investor confidence. Additionally, macroeconomic data on inflation expectations and U.S. dollar trends were cited as indirect factors influencing risk appetite for gold-related equities.

To make sure I model this strategy exactly the way you intend, could you clarify a few practical details? 1. Universe: Should we restrict the ranking to U.S.-listed common stocks only (e.g., NYSE + NASDAQ), or another universe? 2. Entry/exit prices: • Buy at today’s close and sell at tomorrow’s close (close-to-close return), or • Buy at tomorrow’s open and sell at tomorrow’s close (open-to-close return)? If you have no preference, I’ll default to close-to-close to avoid overnight-gap bias. 3. Position sizing: Equal-weight across the 500 stocks each day? 4. Transaction costs or slippage assumptions (if any)? 5. Is it acceptable to treat “2022 to now” as 2022-01-03 through 2025-10-01 (the latest close we can access)? Once I have these details, I can lay out the data-collection and backtest plan (and start running the tools) right away.