In the latest trading session, 4.6 million Kinross Gold Corp (NYSE:KGC) shares changed hands as the company’s beta touched 1.20. With the company’s most recent per share price at $10.49 changed hands at -$0.11 or -1.04% at last look, the market valuation stands at $12.89B. KGC’s current price is a discount, trading about -3.15% off its 52-week high of $10.82. The share price had its 52-week low at $4.75, which suggests the last value was 54.72% up since then. When we look at Kinross Gold Corp’s average trading volume, we note the 10-day average is 19.76 million shares, with the 3-month average coming to 17.01 million.
Analysts gave the Kinross Gold Corp (KGC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.06. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended KGC as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Kinross Gold Corp’s EPS for the current quarter is expected to be 0.24.
Kinross Gold Corp (NYSE:KGC) trade information
Instantly KGC was in red as seen in intraday trades today. With action 5.96%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 13.16%, with the 5-day performance at 5.96% in the green. However, in the 30-day time frame, Kinross Gold Corp (NYSE:KGC) is 4.38% up. Looking at the short shares, we see there were 7.45 million shares sold at short interest cover period of 0.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 4.64% from its recent market value. According to analyst projections, KGC’s forecast low is 11 with 11 as the target high. To hit the forecast high, the stock’s price needs a -4.86% plunge from its current level, while the stock would need to soar -4.86% for it to hit the projected low.
Kinross Gold Corp (KGC) estimates and forecasts
Data shows that the Kinross Gold Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 12.55% over the past 6 months, a 63.64% in annual growth rate that is considerably higher than the industry average of 18.80%. Year-over-year growth is forecast to reach 21.64% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 1.49B. 1 analysts are of the opinion that Kinross Gold Corp’s revenue for the current quarter will be 1.24B. The company’s revenue for the corresponding quarters a year ago was 1.12B and 1.08B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 33.46%. The estimates for the next quarter sales put growth at 15.00%.
The 2025 estimates are for Kinross Gold Corp earnings to increase by 67.46%, but the outlook for the next 5-year period is at 23.56% per year.
KGC Dividends
Kinross Gold Corp is expected to release its next quarterly earnings report in February. The 1.14% annual yield figure for the share gives it an annual dividend of 0.12. It is important to note, however, that the 1.14% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.24 per year.
Kinross Gold Corp (NYSE:KGC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.14% of Kinross Gold Corp shares while 69.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.17%. There are 69.07% institutions holding the Kinross Gold Corp stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 9.8682% of the shares, roughly 121.21 million KGC shares worth $1.01 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.7455% or 46.0 million shares worth $382.76 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard International Stock Index-Total Intl Stock Indx. With 54.65 shares estimated at $574.31 million under it, the former controlled 4.45% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 1.39% of the shares, roughly 17.07 shares worth around $179.34 million.
