The stock of Kinross Gold Corp. (NYSE: KGC) has increased by 2.43 when compared to last closing price of 6.59. Despite this, the company has experienced a -1.32% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Kinross (KGC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Is It Worth Investing in Kinross Gold Corp. (NYSE: KGC) Right Now?
Kinross Gold Corp. (NYSE: KGC) has a higher price-to-earnings ratio of 20.05x compared to its average ratio, The 36-month beta value for KGC is at 1.18. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for KGC is 1.22B, and currently, shorts hold a 0.94% of that float. The average trading volume for KGC on May 07, 2024 was 15.60M shares.
KGC’s Market Performance
The stock of Kinross Gold Corp. (KGC) has seen a -1.32% decrease in the past week, with a 5.47% rise in the past month, and a 25.00% gain in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are at 3.48% for KGC. The simple moving average for the past 20 days is 3.41% for KGC’s stock, with a 24.06% simple moving average for the past 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 13.22% 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 -1.75% of loss for the given period.
Volatility was left at 3.48%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares surge +5.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.54% upper at present.
During the last 5 trading sessions, KGC fell by -1.32%, which changed the moving average for the period of 200-days by +34.19% in comparison to the 20-day moving average, which settled at $6.55. In addition, Kinross Gold Corp. saw 11.57% 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 2.38. 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
In conclusion, Kinross Gold Corp. (KGC) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
