KGC is trading 4.3% down at $22.84 as gold-related equities remain under pressure and broader markets sell off ahead of key Fed minutes.
- Negative sentiment persists after Morningstar cut its fair value estimate for the stock following gold's entry into a bear market.
- Broader market volatility is compounding the decline, with major U.S. indices dropping more than 0.7% in cautious pre-minutes trading.