Kinross Gold Corp. (NYSE:KGC) has a beta value of 1.24 and has seen 10.41 million shares traded in the last trading session. The company, currently valued at $12.20B, closed the last trade at $9.93 per share which meant it gained $0.07 on the day or 0.71% during that session. The KGC stock price is -1.71% off its 52-week high price of $10.10 and 52.17% above the 52-week low of $4.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.69 million shares traded. The 3-month trading volume is 15.59 million shares.
The consensus among analysts is that Kinross Gold Corp. (KGC) is Buy stock at the moment, with a recommendation rating of 2.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.17.
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Kinross Gold Corp. (NYSE:KGC) trade information
Sporting 0.71% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the KGC stock price touched $9.93 or saw a rise of 1.29%. Year-to-date, Kinross Gold Corp. shares have moved 64.13%, while the 5-day performance has seen it change 5.30%. Over the past 30 days, the shares of Kinross Gold Corp. (NYSE:KGC) have changed 4.75%. Short interest in the company has seen 8.64 million shares shorted with days to cover at 0.49.
Wall Street analysts have a consensus price target for the stock at $9.55, which means that the shares’ value could drop -3.98% from current levels. The projected low price target is $4.0 while the price target rests at a high of $12.0. In that case, then, we find that the current price level is -20.85% off the targeted high while a plunge would see the stock lose 59.72% from current levels.
Kinross Gold Corp. (KGC) estimates and forecasts
Figures show that Kinross Gold Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 57.37% over the past 6 months, with this year growth rate of 38.64%, compared to 22.30% for the industry. Revenue growth from the last financial year stood is estimated to be 15.50%.
1 analysts offering their estimates for the company have set an average revenue estimate of 1.3B for the current quarter. 1 have an estimated revenue figure of 1.52B for the next ending quarter. Year-ago sales stood 1.09B and 1.12B respectively for this quarter and the next, and analysts expect sales will grow by 19.20% for the current quarter and 15.50% for the next.
Earnings growth for 2024 is a modest 48.47% while over the next 5 years, the company’s earnings are expected to increase by 29.70%.
KGC Dividends
Kinross Gold Corp. is expected to release its next earnings report in November 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 1.21%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.24%.
Kinross Gold Corp. (NYSE:KGC)’s Major holders
Insiders own 0.26% of the company shares, while shares held by institutions stand at 65.04% with a share float percentage of 65.21%. Investors are also buoyed by the number of investors in a company, with Kinross Gold Corp. having a total of 694.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 121.21 million shares worth more than $1.01 billion. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 9.8682% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 46.0 million shares as of 2024-06-30. The firm’s total holdings are worth over $382.76 million and represent 3.7455% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard International Stock Index-Total Intl Stock Indx . As of Sep 30, 2024 , the former fund manager holds about 4.58% shares in the company for having 56.25 shares of worth $558.55 million while later fund manager owns 17.02 shares of worth $169.02 million as of Jul 31, 2024 , which makes it owner of about 1.38% of company’s outstanding stock.
