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Shares of Kinross Gold Fall Below Previous 52-Week Low

Published on Mon, 04/15/2013 - 14:17
By Adrienne Chilton

Kinross Gold (NYSE:KGC) traded today at a new 52-week low of $5.49. This new low was reached on above average trading volume as 20.3 million shares traded hands, while the average 30-day volume is approximately 8.8 million shares.

There is potential upside of 100.7% for shares of Kinross Gold based on a current price of $5.69 and an average consensus analyst price target of $11.42. The stock should find initial resistance at its 50-day moving average (MA) of $7.77 and further resistance at its 200-day MA of $8.90.

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.

Over the past year, Kinross Goldhas traded in a range of $5.49 to $11.20 and are now at $5.69. The 200-day and 50-day moving averages have moved 0.53% lower and 2.07% lower over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com