Shares of Kinross Gold Fall Below Previous 52-Week Low

Published on Wed, 07/15/2015 - 14:27
By Mallory Stone in 52 Week high-lows, KGC, 52 week high/lows, kinross gold, nyse:kgc

Kinross Gold (NYSE:KGC) traded today at a new 52-week low of $1.99. This new low was reached on below average trading volume as 5.4 million shares traded hands, while the average 30-day volume is approximately 8.3 million shares.

Kinross Gold Corporation is involved in the exploration, development, and production of gold in countries located around the world. The Company currently has operations in the United States, Brazil, Chile, Ecuador and Russia.

There is potential upside of 66.4% for shares of Kinross Gold based on a current price of $2.00 and an average consensus analyst price target of $3.33. The stock should run into initial resistance at its 50-day moving average (MA) of $2.37 and subsequent resistance at its 200-day MA of $2.68.

In the past 52 weeks, Kinross Gold share prices have been bracketed by a current low of $1.99 and a high of $4.33 and are now at $2.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.9%.

By Mallory Stone
mstone@fnno.com

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