Kinross Gold Corp. (NYSE:KGC): Buy, Sell Or Hold At $5.22?

In recent trading session, Kinross Gold Corp. (NYSE:KGC) saw 2.45 million shares changing hands at last check today with its beta currently measuring 1.15. Company’s recent per share price level of $5.22 trading at -$0.1 or -1.79% at last check today assigns it a market valuation of $6.41B. That most recent trading price of KGC’s stock is at a discount of -21.46% from its 52-week high price of $6.34 and is indicating a premium of 34.87% from its 52-week low price of $3.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.67 million shares which gives us an average trading volume of 12.68 million if we extend that period to 3-months.

Kinross Gold Corp. (NYSE:KGC) trade information

Upright in the red during last session for losing -1.79%, in the last five days KGC remained trading in the red while hitting it’s week-highest on Tuesday, 02/06/24 when the stock touched $5.22 price level, adding 4.74% to its value on the day. Kinross Gold Corp.’s shares saw a change of -13.64% in year-to-date performance and have moved -5.00% in past 5-day. Kinross Gold Corp. (NYSE:KGC) showed a performance of -7.19% in past 30-days. Number of shares sold short was 11.43 million shares which calculate 0.8 days to cover the short interests.

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Kinross Gold Corp. (KGC) estimates and forecasts

Statistics highlight that Kinross Gold Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 3.26% of value to its shares in past 6 months, showing an annual growth rate of 86.36% while that of industry is 7.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

KGC Dividends

Kinross Gold Corp. is more likely to be releasing its next quarterly report on February 14 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.

Kinross Gold Corp. (NYSE:KGC)’s Major holders

Insiders are in possession of 0.28% of company’s total shares while institution are holding 63.60 percent of that, with stock having share float percentage of 63.78%. Investors also watch the number of corporate investors in a company very closely, which is 63.60% institutions for Kinross Gold Corp. that are currently holding shares of the company. Van Eck Associates Corporation is the top institutional holder at KGC for having 150.7 million shares of worth $718.84 million. And as of Jun 29, 2023, it was holding 12.28% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group Inc, which was holding about 43.94 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.58% of outstanding shares, having a total worth of $209.6 million.

On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 65.31 million shares of worth $297.8 million or 5.32% of the total outstanding shares. The later fund manager was in possession of 50.88 million shares on Sep 29, 2023, making its stake of worth around $232.03 million in the company or a holder of 4.14% of company’s stock.

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