Kinross Gold Corp. [KGC] is -14.71% lower this YTD. Is it still time to buy?

Kinross Gold Corp. [NYSE: KGC] surged by -$3.67 during the normal trading session on while it closed the day at $5.32. The company report on January 15, 2024 at 5:00 PM that Kinross to announce 2023 Q4/full-year results and 2024 guidance on February 14, 2024.

Company also provides 2024 quarterly reporting dates.

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Kinross Gold Corp. stock has also loss -6.18% of its value over the past 7 days. However, KGC stock has declined by -1.34% in the 3 months of the year. Over the past six months meanwhile, it has gained 1.98% and lost -14.71% year-on date.

The market cap for KGC stock reached $6.33 billion, with 1.22 billion shares outstanding and 1.22 billion shares in the current float. Compared to the average trading volume of 0.98 shares, KGC reached a trading volume of 12.68M 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 Corp. [KGC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KGC shares is $7.09 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 2.00. 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 0.17, 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 15.28 with Quick ratio for the last quarter at 0.89.

KGC stock trade performance evaluation

Kinross Gold Corp. [KGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.18. With this latest performance, KGC shares dropped by -8.35% in over the last four-week period, additionally plugging by 1.98% over the last 6 months – not to mention a rise of 19.17% 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 35.14, with the RSI for the last a single of trading hit 30.18, and the three-weeks RSI is set at 38.89 for Kinross Gold Corp. [KGC]. The present Moving Average for the last 50 days of trading for this stock 5.74, while it was recorded at 5.34 for the last single week of trading, and 5.18 for the last 200 days.

Kinross Gold Corp. [KGC]: An insightful look at the core fundamentals

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.

Earnings per share (EPS) analysis for Kinross Gold Corp. [KGC] stock

With the latest financial reports released by the company, Kinross Gold Corp. posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 28.60%. 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.

Kinross Gold Corp. [KGC]: Institutional Ownership

The top three institutional holders of KGC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in KGC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in KGC stock with ownership which is approximately 5.8325%.