Kinross Gold Corporation (KGC) stock has risen 6.18% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With KGC Stock Today?
Kinross Gold Corporation (KGC) stock has risen 2.88% while the S&P 500 is lower by -0.38% as of 9:56 AM on Friday, Jul 31. KGC has gained $0.25 from the previous closing price of $8.69 on volume of 1,303,672 shares. Over the past year the S&P 500 has risen 8.92% while KGC has gained 122.39%. KGC earned $0.71 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.56.
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More About Kinross Gold Corporation
Kinross Gold is a Canada-based senior gold producer, producing roughly 2.5 million gold equivalent ounces in 2019. The company had 24.3 million ounces of proven and probable gold reserves and 55.7 million ounces of silver reserves at the end of 2019. 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.
