Kinross Gold Corporation (KGC) stock is up 11.59% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With KGC Stock Today?
Kinross Gold Corporation (KGC) stock is higher by 4.86% while the S&P 500 is down -0.84% as of 9:41 AM on Friday, Sep 18. KGC has risen $0.45 from the previous closing price of $9.37 on volume of 243,587 shares. Over the past year the S&P 500 is up 11.65% while KGC has risen 95.62%. KGC earned $0.71 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.63.
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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.
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