Kinross Gold Corporation (KGC): Today's Featured Metals & Mining Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Kinross Gold Corporation ( KGC) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole was unchanged today. By the end of trading, Kinross Gold Corporation fell 15 cents (-1.6%) to $9.22 on average volume. Throughout the day, 7.3 million shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 9.5 million shares. The stock ranged in price between $9.22-$9.47 after having opened the day at $9.42 as compared to the previous trading day's close of $9.37. Other companies within the Metals & Mining industry that declined today were: Prospect Global Resources ( PGRX), down 10.6%, International Tower Hill Mines ( THM), down 7.6%, Brigus Gold ( BRD), down 5.3%, and General Steel Holdings ( GSI), down 5%.
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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. Kinross Gold Corporation has a market cap of $11.28 billion and is part of the basic materials sector. The company has a P/E ratio of -4.8, below the S&P 500 P/E ratio of 17.7. Shares are down 13.2% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Kinross Gold Corporation a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Kinross Gold Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the positive front, Atlatsa Resources ( ATL), up 19.4%, Entree Gold ( EGI), up 11.2%, Turquoise Hill Resources ( TRQ), up 9.4%, and Minco Gold Corporation ( MGH), up 8%, were all gainers within the metals & mining industry with Cliffs Natural Resources ( CLF) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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