As of Wednesday close, Kinross Gold Corporation’s (NYSE:KGC) stock was up $0.05, moving up 0.97 percent to $5.23. The average number of shares traded per day over the past five days has been 13,569,561 shares. 5 times new highs have been achieved over the past 5 days, with a $0.31 gain in that time frame. In the last twenty days, the average volume was 10,192,240, while in the previous 50 days, it was 9,280,644.
Since last month, KGC stock rose 11.04%. Shares of the company fell to $4.62 on 08/21/23, the lowest level in the past month. A 52-week high of $5.57 was reached on 05/10/23 after having rallying from a 52-week low of $3.18. Since the beginning of this year, KGC’s stock price has risen by 27.87% or $1.14, and marked a new high 18 times. However, the stock has declined by -6.02% since its 52-week high.
Valuation Metrics
Right now, Kinross Gold Corporation (KGC) has a P/E ratio of about 32.48. The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 1.57, the price-to-book (PB) ratio of 1.07, and the price-to-cash flow ratio of 14.31 may also be considered.
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 June 29, Kinross Gold Corporation’s quick ratio stood at 0.60, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.33, and the total debt-to-equity ratio was 0.42. On the profitability front, the trailing twelve-month gross margin is 27.60% percent. In the year ended June 29, EBITDA margin amounted to 33.51%, whereas operating margins totaled 10.40%. Based on annual data, KGC earned $515.4 million in gross profit and brought in $3.46 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 1.40%. Return on equity (ROE) for the past 12 months was 3.40%.
In Kinross Gold Corporation’s quarter-end financial report for June 29, it reported total debt of $107.7 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 $0.08 quarterly earnings, the actual figure was $0.14 per share, beating the consensus estimate by 75.00%. During the quarter, the company generated $477.1 million in EBITDA. The liabilities of Kinross Gold Corporation were 4.46 billion at the end of its most recent quarter ended June 29, and its total debt was $2.51 billion.
Technical Picture
This quick technical analysis looks at Kinross Gold Corporation’s (KGC) price momentum. With a historical volatility rate of 32.20%, the RSI 9-day stood at 67.67% on 20 September.
With respect to its five-day moving average, the current Kinross Gold Corporation price is up by +6.30% percent or $0.31. At present, KGC shares trade +9.87% above its 20-day simple moving average and +3.16% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.51% above its SMA50 and +19.41% above its SMA200.
Stochastic coefficient K was 88.97% and Stochastic coefficient D was 88.75%, while ATR was 0.14. Given the Stochastic reading of 87.72% for the 14-day period, the RSI (14) reading has been calculated as 62.49%. As of today, the MACD Oscillator reading stands at 0.19, while the 14-day reading stands at 0.23.
Analyst Ratings
Desjardins launched its rating on Kinross Gold Corporation (NYSE: KGC) to a Buy in a note to investors on September 12, 2023. Kinross Gold Corporation (KGC) has been rated Overweight by analysts. According to 1 brokerage firm, KGC is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Kinross Gold Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $6.50, the current consensus forecast for the stock is $4.50 – $8.11. Based on these forecasts, analysts predict Kinross Gold Corporation (KGC) will achieve an average price target of $6.25.
