What Can We Learn From Kinross Gold Corporation (KGC)’s Valuation Ratios?

Kinross Gold Corporation (NYSE:KGC) finished Tuesday with a subtraction of $0.0 to close at $5.46, a downside of 0.00 percent. An average of 11,548,240 shares of common stock have been traded in the last five days. There was a gain of $0.16 in the past week. The last 20 days have seen an average of 12,466,235 shares traded, while the 50-day average volume stands at 11,339,568.

KGC stock has decreased by -11.79% in the last month. The company shares reached their 1-month lowest point of $5.18 on 09/29/21. With the stock rallying to its 52-week high on 05/17/21, shares of the company touched a low of $5.18 and a high of $9.42 in 52 weeks. In spite of this, the price is down -42.04% from the 52-week high.

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Valuation Metrics

Kinross Gold Corporation (KGC) has a trailing price-to-earnings (P/E) ratio of 5.36, which compares with the 20.90 for the broader industry and 13.03 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Kinross Gold Corporation’s PE ratio has ranged between 2331.66 and 5.137. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.61, the price-to-book (PB) ratio at 1.01, and the price-to-cash flow ratio at 7.73.

Kinross Gold Corporation will next go ex-dividend on 22-Nov. The next dividend payment Kinross Gold Corporation will make is expected to be $0.03.

The quick ratio of Kinross Gold Corporation for the three months ended June 29 was 1.30, and the current ratio was 3.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.21 and a total debt to equity ratio of 0.22 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 39.10% against a 5-year average of 29.3%. Kinross Gold Corporation’s EBITDA margin for the year ending June 29 is 50.44%, while its operating margin for the same period stands at 42.20%. Its gross profit as reported stood at $2.3 billion compared to revenue of $4.21 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Kinross Gold Corporation’s return on assets was 12.30%, compared to 5.1% over the last five years. In the past year, the return on investment has been 15.70%, and the 5-year average is 7.4%. Meanwhile, the return on equity (ROE) for the past 12 months has been 19.90% and the 5-year average holds at 8.9%. For the broader industry, ROE averaged -13.62 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Kinross Gold Corporation (KGC) price momentum. RSI 9-day as of the close on 05 October was 48.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.82%.

As of today, KGC’s price is $5.37 +3.02% or $0.16 from its 5-day moving average. KGC is currently trading -8.54% lower than its 20-day SMA and -27.20% lower than its 100-day SMA. However, the stock’s current price level is -11.65% below the SMA50 and -27.39% below the SMA200.

The stochastic %K and %D were 35.13% and 26.15%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 49.12% and the average true range at 0.18, the RSI (14) stands at 43.48%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.

Analyst Ratings

National Bank Financial upgraded Kinross Gold Corporation (NYSE: KGC) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Sector perform.The consensus rating for Kinross Gold Corporation (KGC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell KGC, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 others rate it as a “buy”.

What is KGC’s price target for the next 12 months?

Analysts predict a range of price targets between $5.50 and $14.06, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Kinross Gold Corporation (KGC) stock is $9.79.


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