Kinross Gold Corp. (NYSE: KGC) has seen a rise in its stock price by 1.00 in relation to its previous close of 8.54. However, the company has experienced a -2.21% decline in its stock price over the last five trading sessions. zacks.com reported 2024-07-25 that Hanesbrands (HBI), Eldorado Gold (EGO) and Kinross Gold (KGC) have been selected as the breakout stocks for today.
Is It Worth Investing in Kinross Gold Corp. (NYSE: KGC) Right Now?
The price-to-earnings ratio for Kinross Gold Corp. (NYSE: KGC) is 24.63x, which is above its average ratio. Moreover, the 36-month beta value for KGC is 1.18. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for KGC is 1.22B and currently, short sellers hold a 1.24% of that float. On July 26, 2024, KGC’s average trading volume was 16.20M shares.
KGC’s Market Performance
KGC stock saw an increase of -2.21% in the past week, with a monthly gain of 9.59% and a quarterly increase of 28.16%. The volatility ratio for the week is 3.24%, and the volatility levels for the last 30 days are 3.29% for Kinross Gold Corp. (KGC). The simple moving average for the last 20 days is -1.27% for KGC stock, with a simple moving average of 36.05% 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 5.56% 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 -8.34% of loss for the given period.
Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares surge +2.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.81% upper at present.
During the last 5 trading sessions, KGC fell by -2.89%, which changed the moving average for the period of 200-days by +81.08% in comparison to the 20-day moving average, which settled at $8.75. In addition, Kinross Gold Corp. saw 42.56% 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
- 0.25 for the gross margin
The net margin for Kinross Gold Corp. stands at 0.1. The total capital return value is set at 0.09. Equity return is now at value 7.20, with 4.11 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 0.75. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 13.48.
Currently, EBITDA for the company is 1.82 billion with net debt to EBITDA at 0.96. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The receivables turnover for the company is 105.05for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
To wrap up, the performance of Kinross Gold Corp. (KGC) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
