Kinross Gold Corporation (KGC): Today's Featured Basic Materials Laggard

Kinross Gold Corporation ( KGC) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 1.2%. By the end of trading, Kinross Gold Corporation fell $0.05 (-1.0%) to $4.82 on light volume. Throughout the day, 8,012,644 shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 13,233,500 shares. The stock ranged in price between $4.80-$4.94 after having opened the day at $4.86 as compared to the previous trading day's close of $4.87. Other companies within the Basic Materials sector that declined today were: GeoPetro Resources Company ( GPR), down 18.8%, Cardero Resources Corporation ( CDY), down 16.7%, American Vanguard Corporation ( AVD), down 16.4% and Methes Energies International ( MEIL), down 15.4%.

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. Kinross Gold Corporation has a market cap of $5.7 billion and is part of the metals & mining industry. Shares are down 49.9% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Kinross Gold Corporation a buy, 1 analyst rates it a sell, and 7 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 disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the positive front, BMB Munai ( BMBM), up 29.3%, Oxford Resource Partners ( OXF), up 26.2%, Golden Star Resources ( GSS), up 16.6% and Prospect Global Resources ( PGRX), up 14.4% , were all gainers within the basic materials sector with Anadarko Petroleum ( APC) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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