Gold Stocks and Gold Prices for March 5: KGC, AUY, ABX, GLD, GG, IAG

Gold prices are slightly lower this afternoon as pretty much everything in the stock market is selling off a little bit. Gold is currently trading down nearly $5 at $1,705 per oz and is down nearly $90 since last Wednesday. Investors were disappointed last week after Ben Bernanke made no mention of further monetary easing when speaking to Congress. Gold’s sell off today could be attributed to a lack of a rally off of positive U.S. economic data as investors instead focus on poor economic data in China and Europe.

Let’s take a look how gold stocks are reacting to today’s gold price action.

Kinross Gold Corporation (NYSE:KGC) is down 2.72% this afternoon at $10.62. KGC has traded a touch over 6 million shares so far today and trades 8.6 million shares a day on average. KGC shares have dipped nearly $1 a share in the past five trading days. The company has a market cap of 12.11 billion.

Yamana Gold, Inc. (NYSE:AUY) is down 1.88% today at $16.68. AUY has traded 3.4 million shares so far today and trades 6.8 million shares a day on average. AUY has dropped about $1.40 a share since last Wednesday. The company has a market cap of 12.43 billion.

Barrick Gold Corporation (NYSE:ABX) is down 2.10% in afternoon trading at $46.45. ABX has traded 4.7 million shares so far today and trades 7 million shares a day on average. ABX shares have dropped more than $3 in the past five days. The company has a market cap of 46.47 billion.

SPDR Gold Trust (NYSEARCA:GLD) is down 0.41% today at $165.66. GLD has traded 9.2 million shares so far today and trades 12.8 million shares a day on average. GLD has dropped about $10 over the past week with most of it coming last Wednesday.

Goldcorp Incorporated (NYSE:GG) is down 3.05% this afternoon at $47.62. GG has traded 2.3 million shares so far today and trades 4.8 million shares a day on average. GG shares have fallen about $3 in the past week. The company has a market cap of 38.60 billion.

Iamgold Corporation (NYSE:IAG) is down 3.40% today at $14.20. IAG has traded 2 million shares so far today and should have no trouble getting past its daily average of 2.3 million shares. IAG shares have lost about $1.50 over the past week. The company has a market cap of 5.33 billion.