Kinross Gold Corporation (KGC) Is A Stock You Should Watch


As of Wednesday close, Kinross Gold Corporation’s (NYSE:KGC) stock was down -$0.04, moving down -0.95 percent to $4.18. The average number of shares traded per day over the past five days has been 14,985,540 shares. 3 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 20,375,211, while in the previous 50 days, it was 19,698,029.

Since last month, KGC stock rose 15.79%. Shares of the company fell to $3.37 on 11/03/22, the lowest level in the past month. A 52-week high of $6.47 was reached on 04/11/22 after having rallying from a 52-week low of $3.00. Since the beginning of this year, KGC’s stock price has dropped by -28.06% or -$1.63, and marked a new high 10 times. However, the stock has declined by -35.44% since its 52-week high.

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Valuation Metrics

Right now, Kinross Gold Corporation (KGC) has a P/E ratio of about 39.81. The stock’s beta is 0.83. Besides these, the trailing price-to-sales (P/S) ratio of 1.63, the price-to-book (PB) ratio of 0.88.

The latest dividend of $0.03 per share was paid out, remained unchanged from last year’s $0.03. On Monday September 21 2020, a $0.05 dividend decrease was announced.

Financial Health

In the three months ended September 29, Kinross Gold Corporation’s quick ratio stood at 1.30, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.40, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 24.90% percent. In the year ended September 29, operating margins totaled 9.70%. Based on annual data, KGC earned $1.02 billion in gross profit and brought in $3.73 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.70%. Return on equity (ROE) for the past 12 months was -7.90%.

In Kinross Gold Corporation’s quarter-end financial report for September 29, it reported total debt of $107.7 million against cash and short-term investments of $43.2 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KGC’s revenue rose 8.14% during the quarter, while net income inched up to $3.5 billion. While analysts expected Kinross Gold Corporation to report $0.06 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by -16.70%. During the quarter, the company generated $296.4 million in EBITDA. The liabilities of Kinross Gold Corporation were 4.31 billion at the end of its most recent quarter ended September 29, and its total debt was $2.55 billion.

Technical Picture

This quick technical analysis looks at Kinross Gold Corporation’s (KGC) price momentum. With a historical volatility rate of 52.32%, the RSI 9-day stood at 60.14% on 23 November.

With respect to its five-day moving average, the current Kinross Gold Corporation price is up by +1.21% percent or $0.05. At present, KGC shares trade +12.37% above its 20-day simple moving average and +24.78% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.67% above its SMA50 and -26.28% below its SMA200.

Stochastic coefficient K was 69.98% and Stochastic coefficient D was 67.97%, while ATR was 0.17. Given the Stochastic reading of 69.57% for the 14-day period, the RSI (14) reading has been calculated as 59.73%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at 0.03.

Analyst Ratings

Kinross Gold Corporation downgraded its rating on Kinross Gold Corporation (NYSE: KGC) to a Sector perform in a note to investors on April 20, 2022. The analysts firm previously had an Outperform rating on the stock.Kinross Gold Corporation (KGC) has been rated Overweight by analysts. According to 0 brokerage firms, KGC is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Kinross Gold Corporation stock as buy, with 9 recommending it as overweight.

With a median target price of $5.48, the current consensus forecast for the stock is $3.50 – $7.47. Based on these forecasts, analysts predict Kinross Gold Corporation (KGC) will achieve an average price target of $5.40.


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