Kinross Stock Falls On Unusually High Volume (KGC)
Kinross Gold Corporation (NYSE:KGC) is trading at unusually high volume Thursday with 25.7 million shares changing hands. It is currently at two times its average daily volume and trading down 46 cents (-8.3%).
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. NEW YORK ( TheStreet) -- Kinross Gold Corporation (NYSE: KGC) is trading at unusually high volume Thursday with 25.7 million shares changing hands. It is currently at two times its average daily volume and trading down 46 cents (-8.3%) at $5.05 as of 11:55 a.m. ET.
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Kinross has a market cap of $6.59 billion and is part of the basic materials sector and metals & mining industry. Shares are down 43.3% year to date as of the close of trading on Wednesday. Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold and silver ores. It is involved in the exploration, acquisition, development, and operation of gold bearing properties. TheStreet Ratings rates Kinross as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Kinross Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..