Views On Kinross Gold Corporation (KGC) From A Technical Perspective

The stock of Kinross Gold Corporation (NYSE:KGC) increased by remained unchanged at $6.32, up 0.64 percent. The last five days have seen an average of 10,534,020 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$1.02. The average number of shares traded over the last 20 days was 10,935,314, while the average volume over the last 50 days totaled 11,167,136.

KGC stock appreciated 18.80% since last month. On 09/29/21, the company’s shares reached a one-month low of $5.18. The stock touched a high of $9.03 on 05/17/21, after rallying from a low of $5.18 in 52 weeks. The price of KGC stock has declined by -13.90% or -$1.02 this year, reaching a new high 4 times. Still, the stock price is down -30.01% 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 6.20. This level actually compares favorably with the industry at large, as the PE for the Gold industry stands at about 14.73. Further, its PE also compares favorably with the Basic Materials sector’s trailing 12 months PE ratio, which comes in at 13.81 right now. The PE ratio of Kinross Gold Corporation has varied between 2331.66 and 5.137 in the last five years. Beta for the stock is 0.88. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.85, the price-to-book (PB) ratio of 1.17, and the price-to-cash flow ratio of 8.87.

Kinross Gold Corporation’s dividend is $0.12 per share per year. With a dividend yield of 1.90%, KGC has a payout ratio of 11.70%. On Sep. 2, the company paid $0.03 per share in dividends, remained unchanged from $0.03 last year. A $0.05 dividend decrease was reported on Monday September 21 2020, making it the 2 consecutive year the dividend has increased.

For the three months ended June 29, Kinross Gold Corporation’s quick ratio was 1.30, while its current ratio was 3.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.21, and the total debt to equity ratio is 0.22. As far as profitability goes, gross margin for the trailing twelve months is 39.10% percent. Kinross Gold Corporation’s EBITDA margin for the year ended June 29 was 50.44%, whereas its operating margin stood at 42.20% for the same period. Based on annual data, it had gross profit of $2.3 billion and revenue of $4.21 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KGC’s return on assets (ROA) during the last 12 months has been 12.30%. There was a 15.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.90%. ROE has averaged -13.62 in the past year for the broader industry.

Earnings Surprise

According to Kinross Gold Corporation’s quarterly financial report for the quarter that ended June 29, it had $107.7 million in total debt versus $43.2 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.5 billion, while revenues rose by 8.14% to $0.0. It was predicted that Kinross Gold Corporation’s quarterly earnings would be $0.12, but it ended up being $0.13, beating the consensus by -7.70%. EBITDA was $419.7 million for the quarter. At the end of Kinross Gold Corporation’s most recent quarter ended June 29, its liabilities totaled 3.58 billion, while its total debt was $1.5 billion.

Technical Picture

Here’s a quick look at Kinross Gold Corporation’s (KGC) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 80.32%, suggesting the stock is Overbought, with a 26.17% historical volatility rate.

The stochastic %K and %D were 90.43% and 91.09% respectively, while the average true range (ATR) was 0.19. Based on the 14-day stochastic reading of 81.67%, the RSI (14) reading is 71.82%. On the 9-day MACD Oscillator, the stock is at 0.18, and the 14-day reading is at 0.36.

Analyst Ratings

In its most recent analyst report, National Bank Financial raised its rating on Kinross Gold Corporation (NYSE: KGC) to an Outperform. Prior to this, analysts firm rated the stock as a Sector perform. Analysts have assigned Kinross Gold Corporation (KGC) an Buy rating. KGC is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 14 others recommend it as a buy.

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

The current consensus forecast for the stock is between $5.50 and $14.16, with a median target price of $8.93. In analyzing these forecasts, the average price target given by analysts for Kinross Gold Corporation (KGC) is $9.44.


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