The stock of Kinross Gold Corporation (KGC) has seen a 9.68% increase in the past week, with a -9.21% drop in the past month, and a -10.71% decrease in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are at 3.24% for KGC. The simple moving average for the last 20 days is 2.13% for KGC stock, with a simple moving average of -2.07% for the last 200 days.
Is It Worth Investing in Kinross Gold Corporation (NYSE: KGC) Right Now?
The price-to-earnings ratio for Kinross Gold Corporation (NYSE: KGC) is above average at 181.90x. The 36-month beta value for KGC is also noteworthy at 0.90. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 0 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for KGC is $5.34, which is $1.37 above than the current price. The public float for KGC is 1.24B, and at present, short sellers hold a 1.08% of that float. The average trading volume of KGC on March 15, 2023 was 14.04M shares.
KGC) stock’s latest price update
Kinross Gold Corporation (NYSE: KGC)’s stock price has decreased by -0.65 compared to its previous closing price of 3.82. but the company has seen a 9.68% gain in its stock price over the last five trading sessions.
Analysts’ Opinion of KGC
The stock of Kinross Gold Corporation (KGC) has seen a 9.68% increase in the past week, with a -9.21% drop in the past month, and a -10.71% decrease in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are at 3.24% for KGC. The simple moving average for the last 20 days is 2.13% for KGC stock, with a simple moving average of -2.07% for the last 200 days.
Analysts’ Opinion of KGC
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see KGC reach a price target of $6. The rating they have provided for KGC stocks is “Sector Perform” according to the report published on April 20th, 2022.
Credit Suisse gave a rating of “Neutral” to KGC, setting the target price at $5.25 in the report published on March 03rd of the previous year.
KGC Trading at -9.92% from the 50-Day Moving Average
After a stumble in the market that brought KGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.14% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares sank -8.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.85% lower at present.
During the last 5 trading sessions, KGC rose by +10.12%, which changed the moving average for the period of 200-days by -16.99% in comparison to the 20-day moving average, which settled at $3.70. In addition, Kinross Gold Corporation saw -7.21% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for KGC
Current profitability levels for the company are sitting at:
- +10.08 for the present operating margin
- +19.85 for the gross margin
The net margin for Kinross Gold Corporation stands at +0.92. Equity return is now at value -9.80, with -5.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.30.
Conclusion
In summary, Kinross Gold Corporation (KGC) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
