Large Outflow of Money Witnessed in Kinross Gold Corporation

Kinross Gold Corporation (KGC) : The value of composite uptick trades was $11.74 million, whereas, the value of composite downtick trades was $16.4 million. The uptick to downtick ratio stood at 0.72 with a negative money flow of ($4.66) Million during Fridays trading session. The block trades money flow was negative ($0.37 million).The uptick to the downtick ratio of 0.8 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.52 million. The transaction of the trades on downticks amounted to $1.88 million, which confirms investors selling on the strength of price. Kinross Gold Corporation (KGC) gained 19 cents at $4.18, an increase of 4.76% over the previous days close.


The company Insiders own 1% of Kinross Gold Corporation shares according to the proxy statements. Institutional Investors own 62.67% of Kinross Gold Corporation shares.

Kinross Gold Corporation (NYSE:KGC): The stock opened at $4.36 and touched an intraday high of $4.4278 on Friday. During the day, the stock corrected to an intraday low of $4.28, however, the bulls stepped in and pushed the price higher to close in the green at $4.41 with a gain of 5.50% for the day. The total traded volume for the day was 17,629,521. The stock had closed at $4.18 in the previous trading session.

Kinross Gold Corporation (KGC) has been under a strong bear grip, hence the stock is down -16.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.04% in the past 1 week. The stock has risen by 2.56% in the past week indicating that the buyers are active at lower levels, but the stock is down -16.48% in the past 4 weeks.

Kinross Gold Corporation is a senior gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Companys segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. Its gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. Its gold is produced in the form of dore, which is shipped to refineries for final processing. It also produces and sells silver.

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