Markets

Kinross Gold (KGC) Catches Eye: Stock Jumps 6.9%

Kinross Gold Corporation KGC was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 12.1% in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Kinross Gold has a Zacks Rank #3 (Hold) while its Earnings ESP is positive. 

Kinross Gold Corporation Price

Kinross Gold Corporation Price

Kinross Gold Corporation price | Kinross Gold Corporation Quote

Investors interested in the Mining - Gold industry may consider AngloGold Ashanti Limited AU which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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