This Is A Time To Build A Position In Kinross Gold Corp. (NYSE: KGC)

Kinross Gold Corp. (NYSE:KGC)’s traded shares stood at 4.62 million during the latest session, with the company’s beta value hitting 1.22. At the last check today, the stock’s price was $9.95, to imply an increase of 1.79% or $0.17 in intraday trading. The KGC share’s 52-week high remains $9.84, putting it 1.11% up since that peak but still an impressive 56.58% since price per share fell to its 52-week low of $4.32. The company has a valuation of $12.23B, with an average of 13.02 million shares in intraday trading volume over the past 10 days and average of 15.71 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Kinross Gold Corp. (KGC), translating to a mean rating of 2.00. Of 7 analyst(s) looking at the stock, 1 analyst(s) give KGC a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 4 recommend it as a Buy.

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Kinross Gold Corp. (NYSE:KGC) trade information

After registering a 1.79% upside in the latest session, Kinross Gold Corp. (KGC) has traded red over the past five days. The 5-day price performance for the stock is 19.51%, and 10.61% over 30 days. With these gigs, the year-to-date price performance is 64.55%. Short interest in Kinross Gold Corp. (NYSE:KGC) saw shorts transact 14.92 million shares and set a 0.96 days time to cover.

The extremes give us $4 and $12 for target low and target high price respectively. As such, KGC has been trading -20.6% off suggested target high and 59.8% from its likely low.

Kinross Gold Corp. (KGC) estimates and forecasts

Looking at statistics comparing Kinross Gold Corp. share performance against respective industry, we note that the company has outperformed competitors. Kinross Gold Corp. (KGC) shares are 76.82% up over the last 6 months, with its year-to-date growth rate higher than industry average at 31.82% against 21.60%.

KGC Dividends

Kinross Gold Corp. has its next earnings report out on 2024-Nov-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Kinross Gold Corp. has a forward dividend ratio of 0.12, with the share yield ticking at 1.21% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.24%.

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

Kinross Gold Corp. insiders hold 0.27% of total outstanding shares, with institutional holders owning 69.52% of the shares at 69.71% float percentage. In total, 69.52% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 121.21 million shares (or 9.8682% of shares), all amounting to roughly $1.01 billion.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 46.0 million shares, or about 3.7455% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $382.76 million.