See How Kinross Gold Ranks Among Analysts' Top Metals Picks

A study of analyst recommendations at the major brokerages shows that Kinross Gold Corp. (KGC) is the #39 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.

In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles — when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor. From the other direction, a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise.

START SLIDESHOW:
Analyst Favorites of the Metals Channel Global Mining Titans Index »

According to the ETF Finder at ETF Channel, KGC makes up 3.01% of the Gold Miners ETF (GDX) which is trading lower by about 0.4% on the day Tuesday.

KGC operates in the Precious Metals sector, among companies like Goldcorp Inc (GG) which is down about 0.1% today, and Barrick Gold Corp. (ABX) trading higher by about 0.1%. Below is a three month price history chart comparing the stock performance of KGC, versus GG and ABX.

KGC,GG,ABX Relative Performance Chart

KGC is currently trading down about 1.2% midday Tuesday.

More from Stocks

Short Disney Stock Here: Doug Kass Insider

Short Disney Stock Here: Doug Kass Insider

3 Must Know Market Insights From TheStreet's Jim Cramer Before Wednesday's Open

3 Must Know Market Insights From TheStreet's Jim Cramer Before Wednesday's Open

CHART: Even Consumer Staples Stocks Are Being Pummeled in Tuesday's Market Rout

CHART: Even Consumer Staples Stocks Are Being Pummeled in Tuesday's Market Rout

Why Google, Facebook and Other Tech Giants' Capital Spending Is Going Sky High

Why Google, Facebook and Other Tech Giants' Capital Spending Is Going Sky High

Three Big Factors That Rocked the Stock Market Tuesday

Three Big Factors That Rocked the Stock Market Tuesday