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Kinross Gold Corporation (KGC): Today's Featured Basic Materials Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Kinross Gold Corporation (KGC) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.5%. By the end of trading, Kinross Gold Corporation fell 31 cents (-3%) to $10.12 on light volume. Throughout the day, 7.1 million shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 10.1 million shares. The stock ranged in price between $10.10-$10.42 after having opened the day at $10.32 as compared to the previous trading day's close of $10.43. Other companies within the Basic Materials sector that declined today were: Recon Technology (RCON), down 18.9%, GeoGlobal Resources (GGR), down 12%, Geokinetics (GOK), down 11.1%, and Gold Resource (GORO), down 10.6%.

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Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It is also involved in the exploration and acquisition of gold bearing properties. Kinross Gold Corporation has a market cap of $11.78 billion and is part of the metals & mining industry. Shares are down 8.5% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Kinross Gold Corporation a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Kinross Gold Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, disappointing return on equity, weak operating cash flow, deteriorating net income and generally disappointing historical performance in the stock itself.

On the positive front, GeoPetro Resources Company (GPR), up 11%, Constellation Energy Partners (CEP), up 7.6%, Prospect Global Resources (PGRX), up 7.5%, and United States Antimony Corporation (UAMY), up 6.8%, were all gainers within the basic materials sector with Chesapeake Energy (CHK) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR (XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd (SBM).

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