Kinross Gold Corporation [KGC] is -41.14% lower this YTD. Is it still time to buy?

Kinross Gold Corporation [NYSE: KGC] loss -6.81% on the last trading session, reaching $3.42 price per share at the time. The company report on August 10, 2022 that Kinross completes sale of Chirano mine in Ghana.


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(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.).

Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross” and the “Company”) announced today that it has completed the sale of all its interest in the Chirano mine in Ghana to Asante Gold Corporation (CSE: ASE; FSE: 1A9; GSE:ASG) (“Asante”) for a total consideration of $225 million in cash and shares.

Kinross Gold Corporation represents 1.30 billion in outstanding shares, while the company has a total market value of $4.75 billion with the latest information. KGC stock price has been found in the range of $3.38 to $3.68.

If compared to the average trading volume of 20.81M shares, KGC reached a trading volume of 18400011 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]:

RBC Capital Mkts have made an estimate for Kinross Gold Corporation shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on April 20, 2022. While these analysts kept the previous recommendation, Credit Suisse dropped their target price from $7 to $5.25. The new note on the price target was released on March 03, 2022, representing the official price target for Kinross Gold Corporation stock. On June 23, 2021, analysts increased their price target for KGC shares from 7.50 to 8.

The Average True Range (ATR) for Kinross Gold Corporation is set at 0.16, with the Price to Sales ratio for KGC stock in the period of the last 12 months amounting to 1.43. The Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 0.52.

Trading performance analysis for KGC stock

Kinross Gold Corporation [KGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.84. With this latest performance, KGC shares gained by 1.48% in over the last four-week period, additionally sinking by -38.16% over the last 6 months – not to mention a drop of -41.44% 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 46.20, with the RSI for the last a single of trading hit 44.29, and the three-weeks RSI is set at 45.55 for Kinross Gold Corporation [KGC]. The present Moving Average for the last 50 days of trading for this stock 3.51, while it was recorded at 3.55 for the last single week of trading, and 4.98 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 +18.66 and a Gross Margin at +27.22. Kinross Gold Corporation’s Net Margin is presently recorded at +5.93.

Return on Equity for this stock inclined to 3.32, with Return on Assets sitting at 2.05.

Kinross Gold Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 3.00.

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

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 -4.25%.

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

There are presently around $2,475 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 146,672,975, which is approximately 71.338% of the company’s market cap and around 0.23% of the total institutional ownership; BARCLAYS PLC, holding 60,450,207 shares of the stock with an approximate value of $206.74 million in KGC stocks shares; and RUFFER LLP, currently with $176.07 million in KGC stock with ownership of nearly -33.034% of the company’s market capitalization.

Positions in Kinross Gold Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 134 institutional holders increased their position in Kinross Gold Corporation [NYSE:KGC] by around 168,609,619 shares. Additionally, 170 investors decreased positions by around 82,412,391 shares, while 63 investors held positions by with 472,585,319 shares. The mentioned changes placed institutional holdings at 723,607,329 shares, according to the latest SEC report filing. KGC stock had 40 new institutional investments in for a total of 25,566,296 shares, while 65 institutional investors sold positions of 16,685,241 shares during the same period.

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