Kinross Gold Corporation (KGC) 2020 Stock Forecast: Bullish Outlook with 33.95% Upside

Kinross Gold Corporation (NYSE: KGC) is 87.55% higher on its value in year-to-date trading and has touched a low of $2.72 and a high of $10.20 in the current 52-week trading range. The KGC stock was last observed hovering at around $8.46 in the last trading session, with the day’s gains setting it 0.43% off its average median price target of $10.46 for the next 12 months. It is also 33.95% off the consensus price target high of $13.46 offered by 17 analysts, but current levels are -27.0% lower than the price target low of $7.00 for the same period.

Currently trading at $8.89, the stock is -1.45% and 8.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.67 million and changing 5.08% at the moment leaves the stock 47.63% off its SMA200. KGC registered 78.16% gain for a year compared to 6-month gain of 68.05%. The firm has a 50-day simple moving average (SMA 50) of $1.28% and a 200-day simple moving average (SMA200) of $16.78M.

The stock witnessed a 2.30% loss in the last 1 month and extending the period to 3 months gives it a 31.31%, and is 2.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.32% over the week and 4.59% over the month.

Kinross Gold Corporation (KGC) has around 8970 employees, a market worth around $10.64B and $3.76B in sales. Current P/E ratio is 12.49 and Fwd P/E is 11.06. Profit margin for the company is 24.00%. Distance from 52-week low is 226.84% and -12.89% from its 52-week high. The company has generated returns on investments over the last 12 months (10.30%).

Kinross Gold Corporation (KGC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Kinross Gold Corporation (KGC) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Kinross Gold Corporation is expected to release its quarterly report on 11/04/2020 and quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $1.18B over the same period.The EPS is expected to grow by 88.20% this year, but quarterly earnings will post 17.10% year-over-year. Quarterly sales are estimated to grow 34.10% in year-over-year returns.

Kinross Gold Corporation (KGC) Top Institutional Holders

520 institutions hold shares in Kinross Gold Corporation (KGC), with 3.7M shares held by insiders accounting for 0.29% while institutional investors hold 69.86% of the company’s shares. The shares outstanding are 1.26B, and float is at 1.25B with Short Float at 1.28%. Institutions hold 69.65% of the Float.

Kinross Gold Corporation (KGC): Who are the competitors?

The company’s main competitors (and peers) include Hecla Mining Company (HL) that is trading 235.23% up over the past 12 months.