Kinross Gold Corp. (NYSE:KGC) has a beta value of 1.12 and has seen 3.26 million shares traded in the recent trading session. The company, currently valued at $6.83B, closed the recent trade at $5.56 per share which meant it lost -$0.1 on the day or -1.77% during that session. The KGC stock price is -14.03% off its 52-week high price of $6.34 and 26.44% above the 52-week low of $4.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 18.65 million shares traded. The 3-month trading volume is 12.94 million shares.
Kinross Gold Corp. (NYSE:KGC) trade information
Sporting -1.77% in the red today, the stock has traded in the green over the last five days, when the KGC stock price touched $5.56 or saw a rise of 3.3%. Year-to-date, Kinross Gold Corp. shares have moved -8.10%, while the 5-day performance has seen it change 1.46%. Over the past 30 days, the shares of Kinross Gold Corp. (NYSE:KGC) have changed 9.66%. Short interest in the company has seen 10.76 million shares shorted with days to cover at 0.98.
Kinross Gold Corp. (KGC) estimates and forecasts
Figures show that Kinross Gold Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained 5.90% over the past 6 months, with this year growth rate of -18.18%, compared to 3.00% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -28.60% and -57.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 0.20%.
1 analysts offering their estimates for the company have set an average revenue estimate of $944 million for the current quarter. 1 have an estimated revenue figure of $1.02 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $973.62 million and $1.09 billion respectively for this quarter and the next, and analysts expect sales will shrink by -3.00% for the current quarter and -7.00% for the next.
KGC Dividends
Kinross Gold Corp. is expected to release its next earnings report on May 07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.12 at a share yield of 2.16%. The company’s dividend yield has gone up over the past 12 months.
Kinross Gold Corp. (NYSE:KGC)’s Major holders
Insiders own 0.28% of the company shares, while shares held by institutions stand at 67.83% with a share float percentage of 68.02%. Investors are also buoyed by the number of investors in a company, with Kinross Gold Corp. having a total of 622 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 137.86 million shares worth more than $767.19 million. As of Dec 30, 2023, Van Eck Associates Corporation held 11.23% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 44.93 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $250.05 million and represent 3.66% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Dec 30, 2023, the former fund manager holds about 5.38% shares in the company for having 66.01 million shares of worth $367.34 million while later fund manager owns 47.31 million shares of worth $263.25 million as of Dec 30, 2023, which makes it owner of about 3.85% of company’s outstanding stock.
