Kinross Gold Corporation (KGC) Stock: What Does the Chart Say Friday?

The market has been down on Kinross Gold Corporation (KGC) stock recently. KGC gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Kinross Gold Corporation has a Bearish 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. 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 lower by -0.22% while the S&P 500 has risen 0.56% as of 10:16 AM on Friday, Sep 29. KGC is lower by -$0.01 from the previous closing price of $4.59 on volume of 1,369,189 shares. Over the past year the S&P 500 has gained 16.27% while KGC has risen 30.11%. KGC earned $0.16 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 28.62. To screen for more stocks like 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.