During the last session, Kinross Gold Corp (NYSE:KGC)’s traded shares were 22.26 million, with the beta value of the company hitting 1.23. At the end of the trading day, the stock’s price was $10.51, reflecting an intraday loss of -1.22% or -$0.13. The 52-week high for the KGC share is $10.82, that puts it down -2.95 from that peak though still a striking 54.8% gain since the share price plummeted to a 52-week low of $4.75. The company’s market capitalization is $12.92B, and the average intraday trading volume over the past 10 days was 21.22 million shares, and the average trade volume was 17.58 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 2.12. 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 0.25.
Kinross Gold Corp (NYSE:KGC) trade information
Kinross Gold Corp (KGC) registered a -1.22% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.22% in intraday trading to $10.51, hitting a weekly high. The stock’s 5-day price performance is -1.41%, and it has moved by 15.88% in 30 days. Based on these gigs, the overall price performance for the year is 93.20%. The short interest in Kinross Gold Corp (NYSE:KGC) is 7.45 million shares and it means that shorts have 0.52 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies an increase of 4.45% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $11 respectively. As a result, KGC is trading at a discount of -4.66% off the target high and -4.66% 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 16.39% during the last six months, with a year-to-date growth rate more than the industry average at 63.64% against 18.60. In the rating firms’ projections, revenue will increase 21.65% 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 1.47B as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1.25B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.12B and 1.08B respectively. In this case, analysts expect current quarter sales to grow by 31.45% and then jump by 15.68% in the coming quarter.
While earnings are projected to return 70.76% in 2025, the next five years will return 17.29% per annum.
KGC Dividends
Kinross Gold Corp is due to release its next quarterly earnings in February. 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 1.14 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 0.14% of total outstanding shares while institutional holders control 68.65%, with the float percentage being 68.74%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 748.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Kinross Gold Corp (KGC) shares are VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard International Stock Index-Total Intl Stock Indx . Data provided on Nov 30, 2024 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 54.22 shares. This amounts to just over 4.41 percent of the company’s overall shares, with a $569.82 million market value. The same data shows that the other fund manager holds slightly less at 17.07, or about 1.39% of the stock, which is worth about $179.37 million.
