Do Traders Think Kinross Gold Corporation (KGC) Can Keep Climbing Friday?

Overall market sentiment has been high on Kinross Gold Corporation (KGC) stock lately. KGC receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Kinross Gold Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KGC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With KGC Stock Today?

Kinross Gold Corporation (KGC) stock is up 1.17% while the S&P 500 has fallen -0.01% as of 10:21 AM on Friday, Nov 24. KGC is higher by $0.06 from the previous closing price of $5.55 on volume of 1,922,632 shares. Over the past year the S&P 500 has gained 13.14% while KGC is higher by 34.45%. KGC earned $0.20 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.16. To see InvestorsObserver's Sentiment Score for Kinross Gold Corporation click here.

More About Kinross Gold Corporation

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth. Click Here to get the full Stock Report for Kinross Gold Corporation stock.