In today’s recent session, 2.38 million shares of the Kinross Gold Corp. (NYSE:KGC) have been traded, and its beta is 1.24. Most recently the company’s share price was $9.25, and it changed around -$0.18 or -1.90% from the last close, which brings the market valuation of the company to $11.37B. KGC at last check was trading at a discount to its 52-week high of $10.10, offering almost -9.19% off that amount. The share price’s 52-week low was $4.67, which indicates that the recent value has risen by an impressive 49.51% since then. We note from Kinross Gold Corp.’s average daily trading volume that its 10-day average is 11.63 million shares, with the 3-month average coming to 15.97 million.
Kinross Gold Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 2.06. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 11 recommended KGC as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Kinross Gold Corp. is expected to report earnings per share of 0.17 for the current quarter.
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Kinross Gold Corp. (NYSE:KGC) trade information
Instantly KGC has been showing red trend so far today with a performance of -1.90% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.70 on recent trading dayincreased the stock’s daily price by 4.64%. The company’s shares are currently up 52.91% year-to-date, but still down -5.31% over the last five days. On the other hand, Kinross Gold Corp. (NYSE:KGC) is 2.56% up in the 30-day period. We can see from the shorts that 14.52 million shares have been sold at a short interest cover period of 1.05 day(s).
The consensus price target as assigned by Wall Street analysts is $9.55, which translates to bulls needing to increase their stock price by 3.14% from its current value. Analyst projections state that KGC is forecast to be at a low of $4 and a high of $12.
Kinross Gold Corp. (KGC) estimates and forecasts
Kinross Gold Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 45.00 percent over the past six months and at a 38.64% annual growth rate that is well above the industry average of 20.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 41.70% in revenue this quarter, and will report an increase of 90.90% in the next quarter. The year-over-year growth rate is expected to be 15.20%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.3B in revenue for the current quarter. 1 analysts expect Kinross Gold Corp. to make 1.52B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.09B and 1.12B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 19.20%. Forecasts for the next quarter put sales growth at 36.10%.
Kinross Gold Corp. earnings are expected to increase by 43.92% in 2024, but the outlook is positive 29.70% per year for the next five years.
KGC Dividends
Kinross Gold Corp.’s next quarterly earnings report is expected to be released on 2024-Nov-05. The annual dividend yield of the stock is 1.30 percent and its annual dividend per share was 0.12. It is important to note, however, that the 1.30% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.24 per year.
Kinross Gold Corp. (NYSE:KGC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.26% of Kinross Gold Corp. shares, and 69.13% of them are in the hands of institutional investors. The stock currently has a share float of 69.31%. Kinross Gold Corp. stock is held by 690.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 9.8682% of the shares, which is about 121.21 million shares worth $1.01 billion.
VANGUARD GROUP INC, with 3.7455% or 46.0 million shares worth $382.76 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
