Kinross Gold Corporation [NYSE: KGC] loss -0.20% on the last trading session, reaching $5.04 price per share at the time.
Kinross Gold Corporation represents 1.26 billion in outstanding shares, while the company has a total market value of $6.33 billion with the latest information. KGC stock price has been found in the range of $4.93 to $5.05.
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If compared to the average trading volume of 15.62M shares, KGC reached a trading volume of 12093240 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 $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 2.50. 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.
BofA Securities have made an estimate for Kinross Gold Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 05, 2023. The new note on the price target was released on January 30, 2023, representing the official price target for Kinross Gold Corporation stock. Previously, the target price had yet another raise to $6, while RBC Capital Mkts analysts kept a Sector Perform rating on KGC stock. On March 03, 2022, analysts decreased their price target for KGC shares from 7 to 5.25.
The Average True Range (ATR) for Kinross Gold Corporation is set at 0.18, with the Price to Sales ratio for KGC stock in the period of the last 12 months amounting to 1.83. The Price to Book ratio for the last quarter was 1.09, 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 47.97 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 6.11. With this latest performance, KGC shares gained by 45.66% in over the last four-week period, additionally plugging by 28.24% over the last 6 months – not to mention a drop of -13.99% 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 78.14, with the RSI for the last a single of trading hit 84.21, and the three-weeks RSI is set at 72.15 for Kinross Gold Corporation [KGC]. The present Moving Average for the last 50 days of trading for this stock 4.18, while it was recorded at 4.93 for the last single week of trading, and 3.88 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 +10.08 and a Gross Margin at +19.85. Kinross Gold Corporation’s Net Margin is presently recorded at +0.92.
Return on Total Capital for KGC is now 4.11, given the latest momentum, and Return on Invested Capital for the company is 0.38. Return on Equity for this stock inclined to 0.51, with Return on Assets sitting at 0.30. When it comes to the capital structure of this company, Kinross Gold Corporation [KGC] has a Total Debt to Total Equity ratio set at 45.34. Additionally, KGC Total Debt to Total Capital is recorded at 31.20, with Total Debt to Total Assets ending up at 25.40. Long-Term Debt to Equity for the company is recorded at 44.30, with the Long-Term Debt to Total Capital now at 30.48.
Receivables Turnover for the company is 35.68 with a Total Asset Turnover recorded at a value of 0.33.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.
An analysis of insider ownership at Kinross Gold Corporation [KGC]
There are presently around $3,481 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 0.27% of the total institutional ownership; BARCLAYS PLC, holding 70,356,399 shares of the stock with an approximate value of $354.6 million in KGC stocks shares; and VANGUARD GROUP INC, currently with $227.82 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 Tuesday and at the time of the Tuesday reporting period, where 122 institutional holders increased their position in Kinross Gold Corporation [NYSE:KGC] by around 62,955,584 shares. Additionally, 165 investors decreased positions by around 74,870,817 shares, while 54 investors held positions by with 552,772,330 shares. The mentioned changes placed institutional holdings at 690,598,731 shares, according to the latest SEC report filing. KGC stock had 43 new institutional investments in for a total of 9,850,369 shares, while 43 institutional investors sold positions of 15,361,062 shares during the same period.