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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Kinross Gold Corporation ( KGC) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.5%. By the end of trading, Kinross Gold Corporation rose $0.39 (7.2%) to $5.78 on average volume. Throughout the day, 15,179,459 shares of Kinross Gold Corporation exchanged hands as compared to its average daily volume of 11,653,400 shares. The stock ranged in a price between $5.41-$5.82 after having opened the day at $5.42 as compared to the previous trading day's close of $5.39. Other companies within the Basic Materials sector that increased today were: Andatee China Marine Fuel Services Corporat ( AMCF), up 22.5%, Crosshair Energy ( CXZ), up 14.3%, Golden Star Resources ( GSS), up 13.3% and Cardero Resources Corporation ( CDY), up 13.0%.

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 $6.4 billion and is part of the metals & mining industry. Shares are down 42.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Kinross Gold Corporation a buy, 2 analysts rate 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 feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself.

On the negative front, ZaZa Energy ( ZAZA), down 29.0%, GSE ( GSE), down 16.6%, BioFuel Energy Corporation ( BIOF), down 13.5% and GeoPetro Resources Company ( GPR), down 7.8% , were all laggards within the basic materials sector with EOG Resources ( EOG) being today's basic materials sector laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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