Kinross Gold Corporation (NYSE: KGC) is -38.90% lower on its value in year-to-date trading and has touched a low of $3.00 and a high of $7.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KGC stock was last observed hovering at around $3.54 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $6.00 for the next 12 months. It is also 54.31% off the consensus price target high of $7.77 offered by 17 analysts, but current levels are 5.33% higher than the price target low of $3.75 for the same period.
Currently trading at $3.55, the stock is 3.77% and 4.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.12 million and changing 0.28% at the moment leaves the stock -24.79% off its SMA200. KGC registered -34.86% loss for a year compared to 6-month loss of -37.50%.
The stock witnessed a 0.57% gain in the last 1 month and extending the period to 3 months gives it a -10.58%, and is 7.58% 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 6.66% over the week and 4.98% over the month.
Kinross Gold Corporation (KGC) has around 8970 employees, a market worth around $4.65B and $3.33B in sales. Current P/E ratio is 177.50 and Fwd P/E is 8.64. Profit margin for the company is -18.40%. Distance from 52-week low is 18.33% and -50.21% from its 52-week high. The company has generated returns on investments over the last 12 months (3.70%).
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 2.00, where 6 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -82.10% this year
Kinross Gold Corporation (KGC) Top Institutional Holders
The shares outstanding are 1.30B, and float is at 1.30B with Short Float at 4.20%.
Kinross Gold Corporation (KGC): Who are the competitors?
The company’s main competitors (and peers) include Hecla Mining Company (HL) that is trading -26.92% down over the past 12 months.