Kinross Gold (KGC) NewsBite - KGC Rises on Higher Gold

Mon. September 29, 2008; Posted: 03:00 PM

Sep 29, 2008 (Fresh Brewed Media via COMTEX) -- KGC | Quote | Chart | News | PowerRating -- Kinross Gold (NYSE: KGC | Quote | Chart | News | PowerRating) opened at $16.45. So far today, the stock has hit a low of $16.04 and a high of $17.42. KGC is now trading at $16.65, up $0.05 (0.30%). Over the last 52 weeks the stock has ranged from a low of $11.47 to a high of $27.40. KGC shares are trading higher today, helped by rising gold futures. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for KGC. If you are looking for a hedged play on KGC the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 15 range.

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For full details on Kinross Gold Corp (KGC) click here. Kinross Gold Corp (KGC) has Short Term PowerRatings of 4. Details on Kinross Gold Corp (KGC) Short Term PowerRatings is available at This Link.

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