Kinross Gold Corp (NYSE: KGC): What Value Is It And What Can You Do About It

Kinross Gold Corp (NYSE:KGC)’s traded shares stood at 2.69 million during the latest session, with the company’s beta value hitting 1.21. At the last check today, the stock’s price was $9.28, to imply a decrease of -1.01% or -$0.1 in intraday trading. The KGC share’s 52-week high remains $10.82, putting it -16.59% down since that peak but still an impressive 48.81% since price per share fell to its 52-week low of $4.75. The company has a valuation of $11.41B, with an average of 17.04 million shares in intraday trading volume over the past 10 days and average of 15.52 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 2.18. 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. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.24.

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Kinross Gold Corp (NYSE:KGC) trade information

After registering a -1.01% downside 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 2.37%, and -6.96% over 30 days. With these gigs, the year-to-date price performance is 53.47%. Short interest in Kinross Gold Corp (NYSE:KGC) saw shorts transact 11.56 million shares and set a 0.44 days time to cover.

The extremes give us $11 and $12 for target low and target high price respectively. As such, KGC has been trading -29.31% off suggested target high and -18.53% 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 11.60% up over the last 6 months, with its year-to-date growth rate higher than industry average at 59.09% against 18.50%. The rating firms project that company’s revenue will grow 22.02% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 1.49B. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 1.24B.Earnings reports from the last fiscal year show that sales brought in 1.12B and 1.08B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 33.46% before jumping 15.00% in the following quarter.

KGC Dividends

Kinross Gold Corp has its next earnings report out in January. 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 1.29% 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 0.14% of total outstanding shares, with institutional holders owning 69.00% of the shares at 69.09% float percentage. In total, 69.00% 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.