NEW YORK (

TheStreet

) --

Kinross Gold Corporation

(NYSE:

KGC

) hit a new 52-week low Wednesday as it is currently trading at $11.19, below its previous 52-week low of $11.43 with 3.7 million shares traded as of 12:55 p.m. ET. Average volume has been 7.5 million shares over the past 30 days.

Kinross has a market cap of $13.42 billion and is part of the

basic materials

sector and

metals & mining

industry. Shares are down 39% year to date as of the close of trading on Tuesday.

Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It also involves in the exploration and acquisition of gold bearing properties. The company has a P/E ratio of 27.4, above the average metals & mining industry P/E ratio of 12.2 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Kinross as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full

Kinross Ratings Report

.

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