Kinross Gold Corp (KGC) Analysis & Opinions from Experts

Kinross Gold Corp (NYSE: KGC) is 61.16% higher on its value in year-to-date trading and has touched a low of $4.75 and a high of $10.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KGC stock was last observed hovering at around $9.25 in the last trading session, with the day’s gains setting it 0.5%.

Currently trading at $9.75, the stock is -3.47% and -0.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.92 million and changing 5.41% at the moment leaves the stock 23.22% off its SMA200. KGC registered 79.56% gain for a year compared to 6-month gain of 19.49%. The firm has a 50-day simple moving average (SMA 50) of $9.8098 and a 200-day simple moving average (SMA200) of $7.8917.

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The stock witnessed a -8.11% loss in the last 1 month and extending the period to 3 months gives it a 3.72%, and is 3.17% 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 3.47% over the week and 3.70% over the month.

Kinross Gold Corp (KGC) has around 6600 employees, a market worth around $16.64B and $4.85B in sales. Current P/E ratio is 16.30 and Fwd P/E is 10.74. Profit margin for the company is 15.23%. Distance from 52-week low is 105.26% and -9.89% from its 52-week high. The company has generated returns on investments over the last 12 months (9.35%).

with sales reaching $1.52B over the same period.The EPS is expected to grow by 65.29% this year, but quarterly earnings will post 4.39% year-over-year. Quarterly sales are estimated to grow 36.13% in year-over-year returns.

Kinross Gold Corp (KGC) Top Institutional Holders

721.0 institutions hold shares in Kinross Gold Corp (KGC), with institutional investors hold 69.03% of the company’s shares. The shares outstanding are 1.23B, and float is at 1.22B with Short Float at 0.71%. Institutions hold 68.85% of the Float.

The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 121.21 million shares valued at $1.01 billion. The investor’s holdings represent 9.8682% of the KGC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 46.0 million shares valued at $382.76 million to account for 3.7455 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 34.85 million shares representing 2.8373% and valued at over $290.12 million, while NORGES BANK holds 2.7635 of the shares totaling 33.94 million with a market value of $282.62 million.