In the last trading session, 19.16 million Kinross Gold Corp (NYSE:KGC) shares changed hands as the company’s beta touched 1.17. With the company’s per share price at $12.02 changed hands at $0.0 or 0.00% during last session, the market valuation stood at $14.77B. KGC’s last price was a discount, traded about -2.16% off its 52-week high of $12.28. The share price had its 52-week low at $5.44, which suggests the last value was 54.74% up since then. When we look at Kinross Gold Corp’s average trading volume, we note the 10-day average is 22.02 million shares, with the 3-month average coming to 21.55 million.
Analysts gave the Kinross Gold Corp (KGC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.81. 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 (NYSE:KGC) trade information
The company’s shares are showing year-to-date upside of 29.67%, with the 5-day performance at 7.61% in the green. However, in the 30-day time frame, Kinross Gold Corp (NYSE:KGC) is 6.65% up. Looking at the short shares, we see there were 9.71 million shares sold at short interest cover period of 0.41 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9.55, meaning bulls need a downside of -25.86% from its current market value. According to analyst projections, KGC’s forecast low is 4 with 12 as the target high. To hit the forecast high, the stock’s price needs a 0.17% surge from its current level, while the stock would need to tank 66.72% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.28%. The 2025 estimates are for Kinross Gold Corp earnings to increase by 17.95%, but the outlook for the next 5-year period is at 3.92% per year.
KGC Dividends
Kinross Gold Corp is expected to release its next quarterly earnings report on 2025-Feb-11. The 1.00% annual yield figure for the share gives it an annual dividend of 0.12. It is important to note, however, that the 1.00% 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 0.12% of Kinross Gold Corp shares while 68.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.93%. There are 68.84% 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 9.8625% 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 Jan 31, 2025 were VanEck ETF Trust-VanEck Gold Miners ETF and Vanguard International Stock Index-Total Intl Stock Indx . With 49.27 shares estimated at $592.21 million under it, the former controlled 4.01% 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 $205.14 million.
