NEW YORK (TheStreet) -- Shares of Kinross Gold (KGC) - Get Report were rising late Thursday afternoon as gold prices rallied.

Gold for December delivery was up 0.67% to $1,357.90 per ounce on the COMEX.

The Federal Reserve's July meeting minutes, released Wednesday, indicated that policymakers may be hesitant to increase interest rates quickly, MarketWatch reports.

Precious metals do poorly in high-rate environments as investors seek assets that provide high yields and speculation of a slow rate hike boosted gold prices today.

Also, the U.S. dollar was weaker Thursday afternoon, which makes gold cheaper and therefore more attractive to foreign investors.

Kinross Gold, based in Toronto, is a gold mining company.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing.

You can view the full analysis from the report here: KGC

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