Stock Investors Bid Up Shares of Kinross Gold, Up 1.1%

Published on Wed, 12/12/2012 - 11:35
By Robert Cotter in Market movers, KGC, kinross gold, market movers, nyse:kgc

Kinross Gold (NYSE:KGC) is a company whose shares are active, trading 1.1% higher to $9.95. The S&P is trading fractionally higher to 1,430 and the Dow is trading fractionally higher to 13,262.

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.

In the past 52 weeks, shares of Kinross Gold have traded between a low of $7.11 and a high of $13.11 and are now at $9.95, which is 40% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

There is potential upside of 33.7% for shares of Kinross Gold based on a current price of $9.95 and an average consensus analyst price target of $13.30. The stock should hit resistance at its 50-day moving average (MA) of $10.06, as well as support at its 200-day MA of $9.25.

By Robert Cotter
rcotter@fnno.com

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