Shares of Kinross Gold Corporation (KGC) Drops by -3.98%

Kinross Gold Corporation (KGC) has risen sharply, recording gains of 6.63% in the past 4 weeks. However, the stock has corrected -3.98% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.16% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 2.17% and the 50-Day Moving Average is 4.99%.

Kinross Gold Corporation (NYSE:KGC): The stock opened at $5.34 on Friday but the bulls could not build on the opening and the stock topped out at $5.47 for the day. The stock traded down to $5.30 during the day, due to lack of any buying support eventually closed down at $5.31 with a loss of -1.67% for the day. The stock had closed at $5.40 on the previous day. The total traded volume was 9,841,906 shares.


The company Insiders own 1% of Kinross Gold Corporation shares according to the proxy statements. Institutional Investors own 63.21% of Kinross Gold Corporation shares.

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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