In last trading session, Kinross Gold Corporation (NYSE:KGC) saw 3,125,969 shares changing hands with its beta currently measuring 0.98. Company’s recent per share price level of $9.25 trading at -$0.1 or -1.07% at ring of the bell on the day assigns it a market valuation of $11.67 Billion. That closing price of KGC’s stock is at a discount of -11.57% from its 52-week high price of $10.32 and is indicating a premium of 70.59% from its 52-week low price of $2.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.02 Million shares which gives us an average trading volume of 15.83 Million if we extend that period to 3-months.
For Kinross Gold Corporation (KGC), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.1. Splitting up the data highlights that, out of 17 analysts covering the stock, none rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 11 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.21 in the current quarter.
Kinross Gold Corporation (NYSE:KGC) trade information
In the face of being in the red today for losing -1.07%, in the last five days KGC remained trading in the green while hitting it’s week-highest on Wednesday, Oct 14 when the stock touched $9.42-2 price level, adding 2.23% to its value on the day. Kinross Gold Corporation’s shares saw a change of 94.3% in year-to-date performance and have moved 6.84% in past 5-day. Kinross Gold Corporation (NYSE:KGC) showed a performance of -0.97% in past 30-days. Number of shares sold short was 14.18 Million shares which calculate 0.9 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $12.11 to the stock, which implies a rise of 30.92% to its current value. Analysts have been projecting $7 as a low price target for the stock while placing it at a high target of $15.22. It follows that stock’s current price would jump +64.54% in reaching the projected high whereas dropping to the targeted low would mean a loss of -24.32% for stock’s current value.
Kinross Gold Corporation (KGC) estimates and forecasts
Statistics highlight that Kinross Gold Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added +52.28% of value to its shares in past 6 months, showing an annual growth rate of 105.88% while that of industry is 18.1. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 162.5% in the current quarter and calculating 69.2% increase in the next quarter. This year revenue growth is estimated to rise 19.8% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.17 Billion for the same. And 2 analysts are in estimates of company making revenue of $1.27 Billion in the next quarter that will end in December 01, 2020. Company posted $877.1 Million and $996.2 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 33.7% while estimating it to be 27.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.8% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 100% while estimates for its earnings growth in next 5 years are of 17.9%
Kinross Gold Corporation is more likely release its next earnings report in August, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.28%, the share has a forward dividend of 0.12 which implies that company’s dividend yield remained growing in trailing twelve months.