Why You Need Kinross Gold Corporation (KGC) On Your Watchlist

Kinross Gold Corporation (NYSE:KGC) saw an upside of 0.53% to close Friday at $5.67 after adding $0.03 on the day. The 5-day average trading volume is 10,694,180 shares of the company’s common stock. It has gained $5.83 in the past week. An average of 12,422,700 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,940,884.

KGC’s 1-month performance is -3.24% or -$0.25 on its low of $5.18 reached on 09/29/21. The company’s shares have touched a 52-week low of $5.18 and high of $9.42, with the stock’s rally to the 52-week high happening on 05/17/21. YTD, KGC has lost -22.75% or -$1.67. However, the current price is down -39.81%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 2331.66 and a low of 5.137. KGC stock has a beta of 0.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.65 while the price-to-book (PB) in the most recent quarter is 1.05, with the price to cash flow ratio at 7.95.

Kinross Gold Corporation pays an annual dividend of $0.12 per share. Its dividend yield is 2.12% and the payout ratio is 11.70%. KGC’s most recent quarterly dividend payment was made on Sep. 2, when it paid $0.03 a share compared with prior rate of $0.03, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend decrease of $0.05 reported on Monday September 21 2020.

It is projected that Kinross Gold Corporation’s next ex-dividend date will be on 22-Nov. KGC is expected to distribute $0.03 as its next dividend.

Kinross Gold Corporation’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 3.10 meaning that KGC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.21, while the total debt to equity was 0.22. In terms of profitability, the gross margin trailing 12 months is 39.10%. The trailing 12-month EBITDA margin is 50.44% while for the period ending June 29; Kinross Gold Corporation’s operating margin was 42.20%. The firm’s gross profit as reported stood at $2.3 billion against revenue of $4.21 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Kinross Gold Corporation’s cash and short-term investments amounted to $43.2 million against total debt of $1.5 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected KGC to announce $0.13 per share in earnings in its latest quarter, but it posted $0.12, representing a -7.70% surprise. EBITDA for the quarter stood at more than $419.7 million. KGC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.58 billion, with total debt at $1.5 billion

Technical Picture

Let’s look briefly at Kinross Gold Corporation (KGC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 62.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.25%.

The stock’s 5-day moving average is $5.57, reflecting a +6.58% or $0.35 change from its current price. KGC is currently trading -0.70% above its 20-day SMA, -31.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -13.30% and -21.25% respectively.

Stochastic %K and %D was 85.38% and 74.28% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 53.44%, while the 14-day stochastic is at 75.38% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at 0.19 and 0.22 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Kinross Gold Corporation (NYSE: KGC), National Bank Financial upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for KGC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate KGC as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 13 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $5.50 and a high of $14.06, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Kinross Gold Corporation (KGC) stock is $9.80.


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