Kinross Gold Corp. [NYSE: KGC] loss -4.07% or -0.22 points to close at $5.18 with a heavy trading volume of 12939663 shares. The company report on November 8, 2023 at 5:00 PM that Kinross declares quarterly dividend.
The dividend is payable on December 14, 2023, to shareholders of record as of the close of business on November 30, 2023. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
It opened the trading session at $5.34, the shares rose to $5.3895 and dropped to $5.14, the range by which the price of stock traded the whole day. The daily chart for KGC points out that the company has recorded -2.26% loss over the past six months. However, it is still -52.35% lower than its most recent low trading price.
If we look at the average trading volume of 11.50M shares, KGC reached to a volume of 12939663 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 Corp. [KGC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KGC shares is $6.32 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 1.88. 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.
Desjardins have made an estimate for Kinross Gold Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 12, 2023.
The Average True Range (ATR) for Kinross Gold Corp. is set at 0.20, with the Price to Sales ratio for KGC stock in the period of the last 12 months amounting to 1.51. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 0.39. Price to Free Cash Flow for KGC in the course of the last twelve months was 15.34 with Quick ratio for the last quarter at 0.89.
Trading performance analysis for KGC stock
Kinross Gold Corp. [KGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.67. With this latest performance, KGC shares gained by 6.37% in over the last four-week period, additionally sinking by -2.26% over the last 6 months – not to mention a rise of 27.27% 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 49.21, with the RSI for the last a single of trading hit 45.12, and the three-weeks RSI is set at 51.09 for Kinross Gold Corp. [KGC]. The present Moving Average for the last 50 days of trading for this stock 5.02, while it was recorded at 5.33 for the last single week of trading, and 4.78 for the last 200 days.
Kinross Gold Corp. [KGC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Kinross Gold Corp. [KGC] shares currently have an operating margin of +10.08 and a Gross Margin at +19.85. Kinross Gold Corp.’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 Corp. [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.
Reflecting on the efficiency of the workforce at the company, Kinross Gold Corp. [KGC] managed to generate an average of $6,489 per employee. Receivables Turnover for the company is 35.68 with a Total Asset Turnover recorded at a value of 0.33.Kinross Gold Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 2.54.
An analysis of Institutional ownership at Kinross Gold Corp. [KGC]
The top three institutional holders of KGC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in KGC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in KGC stock with ownership which is approximately 5.7994%.