JP Morgan lifts Kinross Gold Corporation [KGC] price estimate. Who else is bullish?

Kinross Gold Corporation [NYSE: KGC] slipped around -0.35 points on Friday, while shares priced at $6.23 at the close of the session, down -5.32%. The company report on February 11, 2021 that Kinross Gold Corp. to Host Earnings Call.

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Kinross Gold Corp. (NYSE:KGC) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 11, 2021 at 8:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/72810.

Kinross Gold Corporation stock is now -15.12% down from its year-to-date (YTD) trading value. KGC Stock saw the intraday high of $6.54 and lowest of $6.20 per share. The company’s 52-week high price is 10.31, which means current price is +0.48% above from all time high which was touched on 01/07/21.

Compared to the average trading volume of 19.22M shares, KGC reached a trading volume of 26431136 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Kinross Gold Corporation [KGC]?

JP Morgan have made an estimate for Kinross Gold Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 10, 2021. The new note on the price target was released on January 06, 2021, representing the official price target for Kinross Gold Corporation stock. Previously, the target price had yet another raise to $11.25, while BofA Securities analysts kept a Buy rating on KGC stock. On June 16, 2020, analysts increased their price target for KGC shares from 7 to 7.50.

The Average True Range (ATR) for Kinross Gold Corporation is set at 0.30, with the Price to Sales ratio for KGC stock in the period of the last 12 months amounting to 1.97. The Price to Book ratio for the last quarter was 1.19, with the Price to Cash per share for the same quarter was set at 0.91. Price to Free Cash Flow for KGC in the course of the last twelve months was 7.97 with Quick ratio for the last quarter at 1.00.

How has KGC stock performed recently?

Kinross Gold Corporation [KGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.74. With this latest performance, KGC shares dropped by -7.84% in over the last four-week period, additionally sinking by -28.56% over the last 6 months – not to mention a rise of 16.67% 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 34.38, with the RSI for the last a single of trading hit 30.01, and the three-weeks RSI is set at 37.41 for Kinross Gold Corporation [KGC]. The present Moving Average for the last 50 days of trading for this stock 7.18, while it was recorded at 6.65 for the last single week of trading, and 7.81 for the last 200 days.

Kinross Gold Corporation [KGC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Kinross Gold Corporation [KGC] shares currently have an operating margin of +29.90 and a Gross Margin at +35.41. Kinross Gold Corporation’s Net Margin is presently recorded at +31.86.

Return on Total Capital for KGC is now 16.56, given the latest momentum, and Return on Invested Capital for the company is 18.37. Return on Equity for this stock inclined to 23.54, with Return on Assets sitting at 14.01. When it comes to the capital structure of this company, Kinross Gold Corporation [KGC] has a Total Debt to Total Equity ratio set at 30.30. Additionally, KGC Total Debt to Total Capital is recorded at 23.25, with Total Debt to Total Assets ending up at 18.28. Long-Term Debt to Equity for the company is recorded at 22.29, with the Long-Term Debt to Total Capital now at 17.11.

Receivables Turnover for the company is 42.98 with a Total Asset Turnover recorded at a value of 0.44.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.

Earnings analysis for Kinross Gold Corporation [KGC]

With the latest financial reports released by the company, Kinross Gold Corporation posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.00%. 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%.

Insider trade positions for Kinross Gold Corporation [KGC]

There are presently around $3,839 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 92,341,472, which is approximately -35.97% of the company’s market cap and around 0.24% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 38,363,574 shares of the stock with an approximate value of $239.0 million in KGC stocks shares; and VANGUARD GROUP INC, currently with $227.16 million in KGC stock with ownership of nearly -0.752% 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 186 institutional holders increased their position in Kinross Gold Corporation [NYSE:KGC] by around 75,293,519 shares. Additionally, 142 investors decreased positions by around 112,157,919 shares, while 41 investors held positions by with 428,715,912 shares. The mentioned changes placed institutional holdings at 616,167,350 shares, according to the latest SEC report filing. KGC stock had 61 new institutional investments in for a total of 16,859,063 shares, while 37 institutional investors sold positions of 8,884,791 shares during the same period.

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