Kinross Gold Corp (KGCRF) Price

Mr. J. Paul Rollinson is the President of Kinross Gold Corp, joining the firm since 2008.

The current price of KGCRF is $1.1, it has decreased 0% in the last trading day.

Kinross Gold Corp belongs to Metals & Mining industry and the sector is Materials

Kinross Gold Corp's current market cap is $NaN

According to wall street analysts, 11 analysts have made analyst ratings for Kinross Gold Corp, including 2 strong buy, 10 buy, 2 hold, 0 sell, and 2 strong sell

Looks like you noticed the dip, anon. Kinross Gold (KGC) is taking a breather today, down about 1.23%, which is a classic technical pullback after getting a bit overheated. The daily chart was screaming "overbought," and now momentum is shifting as traders take some profits off the table.

There's no major news catalyst behind today's move, so this is mostly a story told by the charts and a few interesting insider moves.

• Technical Cool-Down:

  • Daily Chart Signals: On the daily timeframe, the Relative Strength Index (RSI) was recently above 80, deep in overbought territory. This often precedes a price correction. More importantly, the MACD indicator had a bearish crossover yesterday (September 17), where the MACD line dipped below the signal line, signaling a potential shift from bullish to bearish momentum.
  • Short-Term Trend: On the hourly chart, the price is currently trading below its 20-hour and 50-hour moving averages, confirming the short-term bearish pressure.
  • Key Levels to Watch: The price is currently wrestling with hourly resistance around $22.57. The next significant support level to watch is at $22.22. A firm break below that could open the door for a deeper correction. The next major daily resistance to the upside is at $23.65.

• Social & Sentiment Signals:

  • Insider Selling: While the company has been buying back its own shares, it's worth noting that a couple of insiders, including an Executive VP and a Director, sold some shares back in late August as the price was climbing. This could be interpreted as smart money taking profits near the recent highs.
  • Analyst Consensus: Despite this short-term dip, Wall Street analysts remain overwhelmingly bullish on KGC. The consensus is a "BUY," with 12 out of 14 analysts recommending to buy or strong buy the stock. The mean price target sits at $21.44, with a high estimate of $26.58.

This looks like a healthy consolidation within a larger uptrend. Just don't be the guy who buys the top of a cool-off bounce. Maybe keep an eye on those key support levels on the Edgen Radar dashboard before you ape in.