Friday, January 15, 2021

Market Analysts see Kinross Gold Corporation [KGC] gaining to $9. Time to buy?

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Kinross Gold Corporation [NYSE: KGC] loss -5.75% or -0.45 points to close at $7.38 with a heavy trading volume of 23894441 shares. The company report on January 7, 2021 that Kinross to announce 2020 Q4/full-year results and 2021 guidance on February 10, 2021.

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Company also provides 2021 quarterly reporting dates.


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Kinross Gold Corporation (TSX:K; NYSE:KGC) will release its 2020 fourth-quarter and full-year financial statements and operating results on Wednesday, February 10, 2021, after market close. The Company will also provide its full-year 2021 guidance, mineral reserve and mineral resource statement as of December 31, 2020, and an exploration and project update. Kinross will hold a conference call and audio webcast on Thursday, February 11, 2021 at 8 a.m. ET to present the results, followed by a question-and-answer session.

It opened the trading session at $7.66, the shares rose to $7.68 and dropped to $7.25, the range by which the price of stock traded the whole day. The daily chart for KGC points out that the company has recorded -3.28% loss over the past six months. However, it is still -171.32% lower than its most recent low trading price.

If we look at the average trading volume of 15.78M shares, KGC reached to a volume of 23894441 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Kinross Gold Corporation [KGC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KGC shares is $12.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KGC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Kinross Gold Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 06, 2021. The new note on the price target was released on August 05, 2020, representing the official price target for Kinross Gold Corporation stock. Previously, the target price had yet another raise from $7 to $7.50, while RBC Capital Mkts kept a Outperform rating on KGC stock.

The Average True Range (ATR) for Kinross Gold Corporation is set at 0.35, with the Price to Sales ratio for KGC stock in the period of the last 12 months amounting to 2.46. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 0.70. Price to Free Cash Flow for KGC in the course of the last twelve months was 12.83 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for KGC stock

Kinross Gold Corporation [KGC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.54. With this latest performance, KGC shares dropped by -2.25% in over the last four-week period, additionally sinking by -3.28% over the last 6 months – not to mention a rise of 65.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KGC stock in for the last two-week period is set at 46.68, with the RSI for the last a single of trading hit 44.84, and the three-weeks RSI is set at 46.84 for Kinross Gold Corporation [KGC]. The present Moving Average for the last 50 days of trading for this stock 7.60, while it was recorded at 7.82 for the last single week of trading, and 7.64 for the last 200 days.

Kinross Gold Corporation [KGC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Kinross Gold Corporation [KGC] shares currently have an operating margin of +17.11 and a Gross Margin at +24.43. Kinross Gold Corporation’s Net Margin is presently recorded at +20.55.

Return on Total Capital for KGC is now 8.86, given the latest momentum, and Return on Invested Capital for the company is 10.68. Return on Equity for this stock inclined to 14.61, with Return on Assets sitting at 8.37. When it comes to the capital structure of this company, Kinross Gold Corporation [KGC] has a Total Debt to Total Equity ratio set at 35.58. Additionally, KGC Total Debt to Total Capital is recorded at 26.24, with Total Debt to Total Assets ending up at 20.85. Long-Term Debt to Equity for the company is recorded at 35.28, with the Long-Term Debt to Total Capital now at 26.02.

Receivables Turnover for the company is 27.78 with a Total Asset Turnover recorded at a value of 0.41.Kinross Gold Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.80.

Kinross Gold Corporation [KGC]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Kinross Gold Corporation posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 30.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KGC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kinross Gold Corporation go to 34.50%.

An analysis of insider ownership at Kinross Gold Corporation [KGC]

There are presently around $4,818 million, or 69.90% of KGC stock, in the hands of institutional investors. The top three institutional holders of KGC stocks are: VAN ECK ASSOCIATES CORP with ownership of 144,215,456, which is approximately 10.677% of the company’s market cap and around 0.24% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 44,660,331 shares of the stock with an approximate value of $329.59 million in KGC stocks shares; and VANGUARD GROUP INC, currently with $271.13 million in KGC stock with ownership of nearly -0.576% of the company’s market capitalization.

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Positions in Kinross Gold Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 166 institutional holders increased their position in Kinross Gold Corporation [NYSE:KGC] by around 61,361,278 shares. Additionally, 137 investors decreased positions by around 85,941,116 shares, while 38 investors held positions by with 505,528,313 shares. The mentioned changes placed institutional holdings at 652,830,707 shares, according to the latest SEC report filing. KGC stock had 54 new institutional investments in for a total of 7,829,090 shares, while 34 institutional investors sold positions of 11,528,228 shares during the same period.

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