In today’s recent session, 3.12 million shares of the Kinross Gold Corp (NYSE:KGC) have been traded, and its beta is 1.29. Most recently the company’s share price was $12.03, and it changed around -$0.09 or -0.74% from the last close, which brings the market valuation of the company to $14.78B. KGC at last check was trading at a discount to its 52-week high of $12.28, offering almost -2.08% off that amount. The share price’s 52-week low was $4.75, which indicates that the recent value has risen by an impressive 60.52% since then. We note from Kinross Gold Corp’s average daily trading volume that its 10-day average is 22.66 million shares, with the 3-month average coming to 18.63 million.
Kinross Gold Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.94. If we narrow it down even further, the data shows that 1 out of 14 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 3 recommended KGC as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Kinross Gold Corp is expected to report earnings per share of 0.25 for the current quarter.
Kinross Gold Corp (NYSE:KGC) trade information
Instantly KGC has been showing red trend so far today with a performance of -0.74% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.28 on recent trading dayincreased the stock’s daily price by 2.04%. The company’s shares are currently up 29.77% year-to-date, but still up 4.88% over the last five days. On the other hand, Kinross Gold Corp (NYSE:KGC) is 15.23% up in the 30-day period. We can see from the shorts that 10.64 million shares have been sold at a short interest cover period of 0.52 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to decrease their stock price by -9.36% from its current value. Analyst projections state that KGC is forecast to be at a low of $11 and a high of $11.
Kinross Gold Corp (KGC) estimates and forecasts
The year-over-year growth rate is expected to be 21.27%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.47B in revenue for the current quarter. 1 analysts expect Kinross Gold Corp to make 1.25B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.12B and 1.08B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 31.45%. Forecasts for the next quarter put sales growth at 15.65%.
Kinross Gold Corp earnings are expected to increase by 71.14% in 2025, but the outlook is positive 26.81% per year for the next five years.
KGC Dividends
Kinross Gold Corp’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 1.00 percent and its annual dividend per share was 0.12. It is important to note, however, that the 1.00% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.24 per year.
Kinross Gold Corp (NYSE:KGC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.20% of Kinross Gold Corp shares, and 68.19% of them are in the hands of institutional investors. The stock currently has a share float of 68.33%. Kinross Gold Corp stock is held by 767.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 9.8682% of the shares, which is about 121.21 million shares worth $1.01 billion.
VANGUARD GROUP INC, with 3.7455% or 46.0 million shares worth $382.76 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Nov 30, 2024 . The former held 54.22 shares worth $652.5 million, making up 4.41% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 17.07 shares worth around $205.4 million, which represents about 1.39% of the total shares outstanding.
