Kinross Gold Corporation [KGC] stock Downgrade by RBC Capital Mkts analyst, price target now $6

Kinross Gold Corporation [NYSE: KGC] jumped around 0.18 points on Tuesday, while shares priced at $4.27 at the close of the session, up 4.40%. The company report on December 8, 2022 that White Gold Corp. Intersects Additional Near Surface High-Grade Gold Mineralization of 8.94 g/t Gold over 18.29m including 21.73 g/t Gold over 6.10m Extending Mineralization Along Strike at the Betty Ford Target, Yukon, Canada.

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Kinross Gold Corporation stock is now 4.40% up from its year-to-date (YTD) trading value. KGC Stock saw the intraday high of $4.37 and lowest of $4.15 per share. The company’s 52-week high price is 6.34, which means current price is +2.89% above from all time high which was touched on 01/03/23.

Compared to the average trading volume of 16.92M shares, KGC reached a trading volume of 16244912 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]?

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 1.63. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 0.38.

How has KGC stock performed recently?

Kinross Gold Corporation [KGC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.40. With this latest performance, KGC shares dropped by -2.51% in over the last four-week period, additionally plugging by 27.46% over the last 6 months – not to mention a drop of -26.51% 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 55.69, with the RSI for the last a single of trading hit 57.43, and the three-weeks RSI is set at 55.25 for Kinross Gold Corporation [KGC]. The present Moving Average for the last 50 days of trading for this stock 4.05, while it was recorded at 4.17 for the last single week of trading, and 4.14 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 +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 1.30 and a Current Ratio set at 3.00.

Insider trade positions for Kinross Gold Corporation [KGC]

There are presently around $2,991 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 139,097,377, which is approximately -5.165% of the company’s market cap and around 0.88% of the total institutional ownership; BARCLAYS PLC, holding 75,405,857 shares of the stock with an approximate value of $321.98 million in KGC stocks shares; and VANGUARD GROUP INC, currently with $188.38 million in KGC stock with ownership of nearly 4.05% of the company’s market capitalization.

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 154 institutional holders increased their position in Kinross Gold Corporation [NYSE:KGC] by around 78,378,397 shares. Additionally, 123 investors decreased positions by around 95,602,012 shares, while 66 investors held positions by with 526,371,425 shares. The mentioned changes placed institutional holdings at 700,351,834 shares, according to the latest SEC report filing. KGC stock had 47 new institutional investments in for a total of 15,809,993 shares, while 40 institutional investors sold positions of 13,034,681 shares during the same period.

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