Gold futures for December delivery rose 0.73%, or $8.50, to $1,168.30 an ounce, according to CNBC.
Gold prices have been in decline for months but rallied last Friday to provide a boost to stocks tied to the precious metal. But gold prices once again declined on Monday to $1,165.70, which sent the gold stocks lower.
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Kinross is the seventh-largest gold company in the world. The company is based in Canada but has mines and projects in the U.S., Brazil, Chile, Ghana, Mauritania and Russia.
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."