Is Kinross Gold Corporation (KGC) Stock About to Get Hot Monday?

The market has been high on Kinross Gold Corporation (KGC) stock recently. KGC gets a Bullish score 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!

See Full KGC Report

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. 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 trading at $4.83 as of 12:29 PM on Monday, Jul 3, a rise of $0.06, or 1.26% from the previous closing price of $4.77. The stock has traded between $4.76 and $4.85 so far today. Volume today is light. So far 3,846,699 shares have traded compared to average volume of 10,770,875 shares. 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.