Kinross Gold Corporation (KGC): Today's Featured Basic Materials Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Kinross Gold Corporation fell $0.14 (-2.8%) to $4.96 on light volume. Throughout the day, 8,941,782 shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 12,714,400 shares. The stock ranged in price between $4.95-$5.34 after having opened the day at $5.17 as compared to the previous trading day's close of $5.10. Other companies within the Basic Materials sector that declined today were:
(
), down 21.1%,
(
), down 10.0%,
(
), down 9.1% and
(
), down 9.1%.
Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold and silver ores. It is involved in the exploration, acquisition, development, and operation of gold bearing properties. Kinross Gold Corporation has a market cap of $5.5 billion and is part of the metals & mining industry. Shares are down 47.5% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Kinross Gold Corporation a buy, 2 analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Kinross Gold Corporation
as a
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
- You can view the full Kinross Gold Corporation Ratings Report.
On the positive front,
(
), up 24.1%,
(
), up 18.8%,
(
), up 14.5% and
(
), up 11.7% , were all gainers within the basic materials sector with
(
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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