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


Kinross Gold Corporation (NYSE:KGC) finished Thursday with an addition of $0.01 to close at $3.55, an upside of 0.28 percent. An average of 23,417,520 shares of common stock have been traded in the last five days. There was a gain of $0.25 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 15,600,365 shares traded, while the 50-day average volume stands at 17,633,619.

KGC stock has increased by 0.57% in the last month. The company shares reached their 1-month lowest point of $3.09 on 09/01/22. With the stock rallying to its 52-week high on 04/11/22, shares of the company touched a low of $3.00 and a high of $7.13 in 52 weeks. It has reached a new high 10 times so far this year and lost -38.90% or -$2.26 in price. In spite of this, the price is down -50.21% 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 177.50. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.39, the price-to-book (PB) ratio at 0.74.

Financial Health

The quick ratio of Kinross Gold Corporation for the three months ended June 29 was 1.70, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.42 and a total debt to equity ratio of 0.42 for the quarter ending June 29. Its gross profit as reported stood at $1.02 billion compared to revenue of $3.73 billion.

Earnings Surprise

For the three-month period that ended June 29, Kinross Gold Corporation had $43.2 million in cash and short-term investments compared to $107.7 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $718.6 million in the quarter, while revenues were grew 103.28%. The analyst consensus anticipated Kinross Gold Corporation’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.12, a -7.70% surprise. For the quarter, EBITDA amounted to $230.2 million.

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 22 September was 56.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 66.82%.

As of today, KGC’s price is $3.51 +7.58% or $0.25 from its 5-day moving average. KGC is currently trading -2.47% lower than its 20-day SMA and -30.12% lower than its 100-day SMA. However, the stock’s current price level is +5.97% above the SMA50 and -40.24% below the SMA200.

The stochastic %K and %D were 75.33% and 74.94%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 76.00% and the average true range at 0.18, the RSI (14) stands at 54.39%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.09.

Analyst Ratings

RBC Capital Mkts downgraded Kinross Gold Corporation (NYSE: KGC) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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

Analysts predict a range of price targets between $3.75 and $7.77, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Kinross Gold Corporation (KGC) stock is $5.89.


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