Kinross Gold Corporation [NYSE: KGC] plunged by -$0.05 during the normal trading session on Friday and reaching a high of $3.64 during the day while it closed the day at $3.62. The company report on February 15, 2023 that Kinross reports 2022 fourth-quarter and full-year results.
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Figure 1: Round Mountain – Gold Hill map.
Kinross Gold Corporation stock has also loss -7.89% of its value over the past 7 days. However, KGC stock has declined by -14.22% in the 3 months of the year. Over the past six months meanwhile, it has lost -0.55% and lost -11.49% year-on date.
The market cap for KGC stock reached $4.59 billion, with 1.26 billion shares outstanding and 1.24 billion shares in the current float. Compared to the average trading volume of 14.62M shares, KGC reached a trading volume of 14192217 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $5.29 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 2.30. 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 Equal Weight, with their previous recommendation back on January 30, 2023. The new note on the price target was released on April 20, 2022, representing the official price target for Kinross Gold Corporation stock. Previously, the target price had yet another drop from $7 to $5.25, while Credit Suisse kept a Neutral rating on KGC stock.
The Average True Range (ATR) for Kinross Gold Corporation is set at 0.15, with the Price to Sales ratio for KGC stock in the period of the last 12 months amounting to 1.33. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 0.33. Price to Free Cash Flow for KGC in the course of the last twelve months was 34.79 with Quick ratio for the last quarter at 1.00.
KGC stock trade performance evaluation
Kinross Gold Corporation [KGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.89. With this latest performance, KGC shares dropped by -25.82% in over the last four-week period, additionally sinking by -0.55% over the last 6 months – not to mention a drop of -34.18% 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 20.99, with the RSI for the last a single of trading hit 10.94, and the three-weeks RSI is set at 29.30 for Kinross Gold Corporation [KGC]. The present Moving Average for the last 50 days of trading for this stock 4.34, while it was recorded at 3.73 for the last single week of trading, and 3.92 for the last 200 days.
Kinross Gold Corporation [KGC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Kinross Gold Corporation [KGC] shares currently have an operating margin of +10.08 and a Gross Margin at +19.85. Kinross Gold Corporation’s Net Margin is presently recorded at +0.92.
Return on Equity for this stock inclined to 0.51, with Return on Assets sitting at 0.30.
Kinross Gold Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 2.50.
Kinross Gold Corporation [KGC]: Insider Ownership positions
There are presently around $2,508 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 138,887,054, which is approximately -0.151% of the company’s market cap and around 0.25% of the total institutional ownership; BARCLAYS PLC, holding 70,356,399 shares of the stock with an approximate value of $254.69 million in KGC stocks shares; and VANGUARD GROUP INC, currently with $163.64 million in KGC stock with ownership of nearly 2.465% of the company’s market capitalization.
Positions in Kinross Gold Corporation stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 124 institutional holders increased their position in Kinross Gold Corporation [NYSE:KGC] by around 62,966,614 shares. Additionally, 170 investors decreased positions by around 76,774,395 shares, while 52 investors held positions by with 553,027,964 shares. The mentioned changes placed institutional holdings at 692,768,973 shares, according to the latest SEC report filing. KGC stock had 44 new institutional investments in for a total of 9,850,772 shares, while 45 institutional investors sold positions of 16,285,873 shares during the same period.