Kinross Gold Corp. [NYSE: KGC] traded at a high on Friday, posting a 0.61 gain after which it closed the day’ session at $9.84.
The results of the trading session contributed to over 16691082 shares changing hands. Over the past one week, the price volatility of Kinross Gold Corp. stands at 4.06% while the volatility over the past one month is 3.07%.
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The market cap for KGC stock reached $12.09 billion, with 1.23 billion shares outstanding and 1.22 billion shares in the current float. Compared to the average trading volume of 15.71M shares, KGC reached a trading volume of 16691082 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 Corp. [KGC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KGC shares is $10.80 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.
Jefferies have made an estimate for Kinross Gold Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, Desjardins raised their target price to Buy. The new note on the price target was released on September 12, 2023, representing the official price target for Kinross Gold Corp. stock. Previously, the target price had yet another raise to $4.70, while BofA Securities analysts kept a Underperform rating on KGC stock.
The Average True Range (ATR) for Kinross Gold Corp. is set at 0.34, with the Price to Sales ratio for KGC stock in the period of the last 12 months amounting to 2.68. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 0.40. Price to Free Cash Flow for KGC in the course of the last twelve months was 22.90 with Quick ratio for the last quarter at 0.44.
How has KGC stock performed recently?
Kinross Gold Corp. [KGC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.13. With this latest performance, KGC shares gained by 9.33% in over the last four-week period, additionally plugging by 74.78% over the last 6 months – not to mention a rise of 100.00% 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 65.57, with the RSI for the last a single of trading hit 71.19, and the three-weeks RSI is set at 62.62 for Kinross Gold Corp. [KGC]. The present Moving Average for the last 50 days of trading for this stock 8.90, while it was recorded at 9.26 for the last single week of trading, and 6.97 for the last 200 days.
Kinross Gold Corp. [KGC]: Deeper insight into the fundamentals
Kinross Gold Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.44 and a Current Ratio set at 1.20.
Insider trade positions for Kinross Gold Corp. [KGC]
There are presently around $69.20%, or 69.39%% 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 121.21 million shares, which is approximately 9.8682%. VANGUARD GROUP INC, holding 46.0 million shares of the stock with an approximate value of $$382.76 million in KGC stocks shares; and VANGUARD GROUP INC, currently with $$290.12 million in KGC stock with ownership which is approximately 2.8373%.
