NEW YORK (TheStreet) -- Shares of Kinross Gold Corp. are up by 1.13% to $3.58 in mid-afternoon trading on Thursday, as some gold and mining related stocks rise along with the price of the precious metal. Gold for February delivery is higher by 0.67% to $1,302.30 per ounce on the COMEX this afternoon. The precious metal moved above the $1,300 mark after the European Central Bank revealed its stimulus plan on Thursday, MarketWatch reports. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. ECB President Mario Draghi announced plans to buy 60 billion euros a month of public and private debt until September 2016. Gold is also getting a push after the Danish central bank slashed its key interest rate for a second time this week in an attempt to offset the affect the ECB's quantitative easing has on its currency, MarketWatch noted. Separately, TheStreet Ratings team rates KINROSS GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate KINROSS GOLD CORP (KGC) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share." Highlights from the analysis by TheStreet Ratings Team goes as follows: The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 112.2% when compared to the same quarter one year ago, falling from $41.90 million to -$5.10 million. The share price of KINROSS GOLD CORP has not done very well: it is down 22.23% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time. KINROSS GOLD CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, KINROSS GOLD CORP reported poor results of -$2.64 versus -$2.23 in the prior year. This year, the market expects an improvement in earnings ($0.14 versus -$2.64). The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, KINROSS GOLD CORP has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500. 43.61% is the gross profit margin for KINROSS GOLD CORP which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -0.53% is in-line with the industry average. You can view the full analysis from the report here: KGC Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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