NEW YORK (TheStreet) -- Shares of Kinross Gold Corp. (KGC) are higher by 13.12% to $2.50 on heavy volume in late afternoon trading on Friday, as gold for December delivery rallied by 2.4% or $27.20, settling at $1,169.80 per troy ounce, the Wall Street Journal reports.
The biggest one-day percentage gain for gold since June 19 was spurred by data showing jobs growth in October was weaker than expected, the Journal added.
The Labor Department announced that last month the U.S. added 214,000 jobs. A survey of economists polled by the Journal expected nonfarm payrolls to rise by a seasonally adjusted 233,000, the Journal said.
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Other gold stocks climbing higher today include Barrick Gold Corp. (ABX) , up by 6.61% to $12.09, Goldcorp Inc. (GG) , higher by 6.95% to $19.84, and Yamana Gold Inc. (AUY) , soaring by 9.75% to $3.88 this afternoon.
Separately, TheStreet Ratings team rates KINROSS GOLD CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate KINROSS GOLD CORP (KGC) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself."