During the last session, Kinross Gold Corp. (NYSE:KGC)’s traded shares were 17.89 million, with the beta value of the company hitting 1.24. At the end of the trading day, the stock’s price was $10.48, reflecting an intraday loss of -2.06% or -$0.22. The 52-week high for the KGC share is $10.82, that puts it down -3.24 from that peak though still a striking 54.68% gain since the share price plummeted to a 52-week low of $4.75. The company’s market capitalization is $17.92B, and the average intraday trading volume over the past 10 days was 15.23 million shares, and the average trade volume was 15.20 million shares over the past three months.
Kinross Gold Corp. (KGC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.06. KGC has a Sell rating from 1 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.19.
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Kinross Gold Corp. (NYSE:KGC) trade information
Kinross Gold Corp. (KGC) registered a -2.06% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.06% in intraday trading to $10.48, hitting a weekly high. The stock’s 5-day price performance is -2.15%, and it has moved by 9.97% in 30 days. Based on these gigs, the overall price performance for the year is 98.86%. The short interest in Kinross Gold Corp. (NYSE:KGC) is 8.64 million shares and it means that shorts have 0.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $9.55, which implies a decrease of -9.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $12 respectively. As a result, KGC is trading at a discount of -14.5% off the target high and 61.83% off the low.
Kinross Gold Corp. (KGC) estimates and forecasts
Statistics show that Kinross Gold Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Kinross Gold Corp. (KGC) shares have gone up 61.23% during the last six months, with a year-to-date growth rate more than the industry average at 45.45% against 21.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 58.30% this quarter and then jump 90.90% in the quarter after that. In the rating firms’ projections, revenue will increase 15.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.31B as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1.52B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.09B and 1.12B respectively. In this case, analysts expect current quarter sales to grow by 19.80% and then jump by 36.10% in the coming quarter.
While earnings are projected to return 56.16% in 2024, the next five years will return 29.70% per annum.
KGC Dividends
Kinross Gold Corp. is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Kinross Gold Corp. is 0.12, with the dividend yield indicating at 1.15 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.24%.
Kinross Gold Corp. (NYSE:KGC)’s Major holders
Kinross Gold Corp. insiders own 0.26% of total outstanding shares while institutional holders control 65.07%, with the float percentage being 65.24%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 695.0 institutions own stock in it. As of 2024-06-30, the company held over 121.21 million shares (or 9.8682% of all shares), a total value of $1.01 billion in shares.
The next largest institutional holding, with 46.0 million shares, is of VANGUARD GROUP INC’s that is approximately 3.7455% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $382.76 million.
