Kinross Gold Corporation (KGC) has been under a strong bear grip, hence the stock is down -6.84% 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 1.69% in the past 1 week. The stock has risen by 2.13% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.52% in the past 4 weeks.
Kinross Gold Corporation (NYSE:KGC): The stock opened at $5.32 on Friday but the bulls could not build on the opening and the stock topped out at $5.39 for the day. The stock traded down to $5.22 during the day, due to lack of any buying support eventually closed down at $5.28 with a loss of -4.17% for the day. The stock had closed at $5.51 on the previous day. The total traded volume was 15,448,245 shares.
The stock has recorded a 20-day Moving Average of 0.77% and the 50-Day Moving Average is 4.08%. Kinross Gold Corporation has dropped 5.55% during the last 3-month period . Year-to-Date the stock performance stands at 190.11%.
Kinross Gold Corporation (KGC) : The highest level Kinross Gold Corporation (KGC) is projected to reach is $8 for the short term and the lowest estimate is at $3. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $5.6 and the possibility the share price can swing is $1.45.
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.