NEW YORK ( TheStreet) -- Kinross Gold Corporation (NYSE: KGC) hit a new 52-week low Wednesday as it is currently trading at $9.70, below its previous 52-week low of $9.71 with 5.7 million shares traded as of 1:34 p.m. ET. Average volume has been 7.7 million shares over the past 30 days. Kinross has a market cap of $12.04 billion and is part of the basic materials sector and metals & mining industry. Shares are down 13.2% 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 is also involved in the exploration and acquisition of gold bearing properties. The company has a P/E ratio of 23.7, above the average metals & mining industry P/E ratio of 13.4 and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter