The market has been very wrong on this one "As we have noted on Monday, technically Kinross (KGC) looks pretty awful. It is a terrible laggard within the sector. Regarding the company’s fundamentals, we only know what everybody else who cares to take a look knows as well. We have no insights beyond the publicly available information. It is therefore certainly possible that the market knows something we don’t.
However, we don’t think so. Usually, the market “knows” very little. If that were not the case, great buying or selling opportunities would never emerge, but they do emerge with unwavering regularity. So instead of blindly following the old saw that “the market is always right”, one should from time to time allow for the fact that the market can be completely wrong, especially near turning points. After all, what did the market “know” when HMY traded at 52 cents in late November? Evidently, nothing – it even ignored glaringly obvious developments (such as the surging Rand gold price). "
https://www.acting-man.com/?p=42982