In last trading session, Kinross Gold Corp. (NYSE:KGC) saw 14.95 million shares changing hands with its beta currently measuring 1.24. Company’s recent per share price level of $10.61 trading at $0.46 or 4.53% at ring of the bell on the day assigns it a market valuation of $13.04B. That closing price of KGC’s stock is at a premium of 3.02% from its 52-week high price of $10.29 and is indicating a premium of 55.23% from its 52-week low price of $4.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.92 million shares which gives us an average trading volume of 15.29 million if we extend that period to 3-months.
For Kinross Gold Corp. (KGC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.06. Splitting up the data highlights that, out of 7 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.17 in the current quarter.
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Kinross Gold Corp. (NYSE:KGC) trade information
Upright in the green during last session for gaining 4.53%, in the last five days KGC remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $10.61 price level, adding 0.28% to its value on the day. Kinross Gold Corp.’s shares saw a change of 75.37% in year-to-date performance and have moved 8.04% in past 5-day. Kinross Gold Corp. (NYSE:KGC) showed a performance of 13.60% in past 30-days. Number of shares sold short was 8.64 million shares which calculate 0.49 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9.55 to the stock, which implies a fall of -11.11% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would jump 62.3% in reaching the projected high whereas dropping to the targeted low would mean a gain of 62.3% for stock’s current value.
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 56.72% of value to its shares in past 6 months, showing an annual growth rate of 38.64% while that of industry is 22.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 15.50% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.31B for the same. And 1 analysts are in estimates of company making revenue of 1.52B in the next quarter. Company posted 1.09B and 1.12B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 50.96% while estimates for its earnings growth in next 5 years are of 29.70%.
KGC Dividends
Kinross Gold Corp. is more likely to be releasing its next quarterly report on 2024-Nov-05 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. With an annual yield of 1.13%, the share has a forward dividend of 0.12 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.24%.
Kinross Gold Corp. (NYSE:KGC)’s Major holders
Insiders are in possession of 0.26% of company’s total shares while institution are holding 64.80 percent of that, with stock having share float percentage of 64.96%. Investors also watch the number of corporate investors in a company very closely, which is 64.80% institutions for Kinross Gold Corp. that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at KGC for having 121.21 million shares of worth $1.01 billion. And as of 2024-06-30, it was holding 9.8682 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 46.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.7455 of outstanding shares, having a total worth of $382.76 million.
