Kinross Gold Corporation (NYSE: KGC) is 9.13% higher on its value in year-to-date trading and has touched a low of $2.72 and a high of $10.31 in the current 52-week trading range. The KGC stock was last observed hovering at around $8.01 in the last trading session, with the day’s loss setting it -0.19% off its average median price target of $13.27 for the next 12 months. It is also 49.68% off the consensus price target high of $15.54 offered by 17 analysts, but current levels are -20.31% lower than the price target low of $6.50 for the same period.
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Currently trading at $7.82, the stock is 5.18% and 2.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.67 million and changing -2.39% at the moment leaves the stock 2.71% off its SMA200. KGC registered 68.28% gain for a year compared to 6-month loss of 5.53%. The firm has a 50-day simple moving average (SMA 50) of $7.39 and a 200-day simple moving average (SMA200) of $8.23.
The stock witnessed a 11.25% gain in the last 1 month and extending the period to 3 months gives it a -7.40%, and is 9.28% 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 4.04% over the week and 4.21% over the month.
Kinross Gold Corporation (KGC) has around 8970 employees, a market worth around $10.33B and $4.01B in sales. Current P/E ratio is 9.39 and Fwd P/E is 8.93. Profit margin for the company is 26.90%. Distance from 52-week low is 187.46% and -24.20% 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 4 rate it as a Hold and 1 think it is a “Overweight”. 12 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 05/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $1.25B over the same period.The EPS is expected to grow by 117.60% this year, but quarterly earnings will post 21.10% year-over-year. Quarterly sales are estimated to grow 25.30% in year-over-year returns.
Kinross Gold Corporation (KGC) Top Institutional Holders
606 institutions hold shares in Kinross Gold Corporation (KGC), with 2.98M shares held by insiders accounting for 0.24% while institutional investors hold 67.50% of the company’s shares. The shares outstanding are 1.26B, and float is at 1.25B with Short Float at 1.56%. Institutions hold 67.34% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 144.22 million shares valued at $1.27 billion. The investor’s holdings represent 11.46% of the KGC Shares outstanding. As of Sep 29, 2020, the second largest holder is Renaissance Technologies, LLC with 44.66 million shares valued at $393.9 million to account for 3.55% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 36.74 million shares representing 2.92% and valued at over $324.04 million, while Ruffer LLP holds 2.25% of the shares totaling 28.34 million with a market value of $249.93 million.
Kinross Gold Corporation (KGC): Who are the competitors?
The company’s main competitors (and peers) include Hecla Mining Company (HL) that is trading 104.40% up over the past 12 months. Short interest in the company’s stock has risen 26.8% from the last report on Nov 12, 2020 to stand at a total of 14.34 million short shares sold with a short interest ratio of 1.34.