Stock Investors Bid Up Shares of Kinross Gold, Up 2.1%

Published on Fri, 03/08/2013 - 11:21
By Mallory Stone in Market movers, KGC, kinross gold, market movers, nyse:kgc

Kinross Gold (NYSE:KGC) is a company whose shares are active, trading 2.1% higher to $7.96. The Dow Jones Industrial Average is now trading 0.2% higher to 14,362 and the S&P is trading fractionally higher to 1,546.

Over the past year, Kinross Gold has traded in a range of $7.11 to $11.20 and is now at $7.96, 12% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.6%.

Kinross Gold (NYSE:KGC) has potential upside of 45.6% based on a current price of $7.96 and analysts' consensus price target of $11.59. The stock should run into initial resistance at its 50-day moving average (MA) of $8.63 and subsequent resistance at its 200-day MA of $9.00.

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.

By Mallory Stone
mstone@fnno.com

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