Gold for December delivery rose by 2.4%, or $27.20, to settle at $1,169.80 per troy ounce on Friday, the Wall Street Journal reported.
The surge in Kinross shares on Friday stemmed from data that showed jobs growth in October was weaker than expected, along with the largest one-day percentage gain for gold since June 19, according to the Journal.
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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. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."