NEW YORK ( TheStreet) -- Shares of Kinross Gold Corporation (NYSE: KGC) were gapping down Tuesday morning with an open price 11.2% lower than Friday's closing price. The stock closed at $12.65 Friday and opened today's trading at $11.23. The average volume for Kinross has been 6.7 million shares per day over the past 30 days. Kinross has a market cap of $14.39 billion and is part of the basic materials sector and metals & mining industry. Shares are up 11% year to date as of the close of trading on Friday. 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 29.4, above the average metals & mining industry P/E ratio of 16 and above the S&P 500 P/E ratio of 17.7. 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 good cash flow from operations. 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.