Kinross Gold Corp. (NYSE: KGC) has a higher price-to-earnings ratio of 19.01x compared to its average ratio. KGC has 36-month beta value of 1.16. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for KGC is 1.22B, and currently, short sellers hold a 0.98% ratio of that float. The average trading volume of KGC on April 08, 2024 was 13.31M shares.
KGC) stock’s latest price update
Kinross Gold Corp. (NYSE: KGC)’s stock price has increased by 1.91 compared to its previous closing price of 6.28. However, the company has seen a 4.40% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-18 that Gold and other commodities are perfect investment options for investors looking to diversify their portfolios. Gold futures are still at near all-time highs of roughly $2,100/oz.
KGC’s Market Performance
Kinross Gold Corp. (KGC) has experienced a 4.40% rise in stock performance for the past week, with a 20.08% rise in the past month, and a 11.11% rise in the past quarter. The volatility ratio for the week is 3.02%, and the volatility levels for the past 30 days are at 3.20% for KGC. The simple moving average for the last 20 days is 10.61% for KGC stock, with a simple moving average of 21.65% for the last 200 days.
Analysts’ Opinion of KGC
Many brokerage firms have already submitted their reports for KGC stocks, with Jefferies repeating the rating for KGC by listing it as a “Hold.” The predicted price for KGC in the upcoming period, according to Jefferies is $5 based on the research report published on February 29, 2024 of the current year 2024.
BofA Securities gave a rating of “Underperform” to KGC, setting the target price at $4.70 in the report published on April 05th of the previous year.
KGC Trading at 17.43% 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 -0.89% of loss for the given period.
Volatility was left at 3.20%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares surge +18.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.08% upper at present.
During the last 5 trading sessions, KGC rose by +4.40%, which changed the moving average for the period of 200-days by +37.93% in comparison to the 20-day moving average, which settled at $5.84. In addition, Kinross Gold Corp. saw 5.79% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for KGC
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.26 for the gross margin
The net margin for Kinross Gold Corp. stands at 0.1. The total capital return value is set at 0.08. Equity return is now at value 6.99, with 3.98 for asset returns.
Based on Kinross Gold Corp. (KGC), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.72. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 10.19.
Currently, EBITDA for the company is 1.82 billion with net debt to EBITDA at 1.04. When we switch over and look at the enterprise to sales, we see a ratio of 2.28. The receivables turnover for the company is 89.24for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.47.
Conclusion
To put it simply, Kinross Gold Corp. (KGC) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
