Kinross Stock Hits New 52-Week Low (KGC)

NEW YORK ( TheStreet) -- Kinross Gold Corporation (NYSE: KGC) hit a new 52-week low Thursday as it is currently trading at $8.61, below its previous 52-week low of $8.62 with 3.2 million shares traded as of 11:50 a.m. ET. Average volume has been 8.9 million shares over the past 30 days.

Kinross has a market cap of $10.2 billion and is part of the basic materials sector and metals & mining industry. Shares are down 22.3% year to date as of the close of trading on Wednesday.

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.

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

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