The stock of Kinross Gold Corporation (NYSE:KGC) decreased by -$0.11 on Friday to finish at $4.97, down -2.07 percent. The last five days have seen an average of 8,709,782 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $0.88. The average number of shares traded over the last 20 days was 8,721,200, while the average volume over the last 50 days totaled 9,539,057.
KGC stock dropped -1.68% since last month. On 08/02/23, the company’s shares reached a one-month low of $4.54. The stock touched a high of $5.57 on 05/10/23, after rallying from a low of $3.09 in 52 weeks. The price of KGC stock has risen by 21.64% or $0.88 this year, reaching a new high 18 times. Still, the stock price is down -10.60% 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 30.90. Beta for the stock is 0.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.54, the price-to-book (PB) ratio of 1.02, and the price-to-cash flow ratio of 13.96.
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.
Financial Health
For the three months ended June 29, Kinross Gold Corporation’s quick ratio was 0.60, while its current ratio was 1.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.33, and the total debt to equity ratio is 0.42. As far as profitability goes, gross margin for the trailing twelve months is 27.60% percent. Kinross Gold Corporation’s EBITDA margin for the year ended June 29 was 33.51%, whereas its operating margin stood at 10.40% for the same period. Based on annual data, it had gross profit of $515.4 million and revenue of $3.46 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 1.90%. There was a 1.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.40%.
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 $0.14, but it ended up being $0.08, beating the consensus by 75.00%. EBITDA was $477.1 million for the quarter. At the end of Kinross Gold Corporation’s most recent quarter ended June 29, its liabilities totaled 4.46 billion, while its total debt was $2.51 billion.
Technical Picture
Here’s a quick look at Kinross Gold Corporation’s (KGC) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 51.60%, suggesting the stock is Neutral, with a 51.23% historical volatility rate.
The stochastic %K and %D were 83.90% and 86.26% respectively, while the average true range (ATR) was 0.16. Based on the 14-day stochastic reading of 72.03%, the RSI (14) reading is 51.74%. On the 9-day MACD Oscillator, the stock is at 0.12, and the 14-day reading is at 0.14.
Analyst Ratings
Kinross Gold Corporation (NYSE: KGC) was downgraded by BofA Securities to a an Underperform rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Kinross Gold Corporation (KGC) an Overweight rating. KGC is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 9 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 $3.50 and $8.17, with a median target price of $6.50. In analyzing these forecasts, the average price target given by analysts for Kinross Gold Corporation (KGC) is $6.12.
