The stock of Kinross Gold Corp. (KGC) has seen a 19.03% increase in the past week, with a 10.17% gain in the past month, and a 34.35% flourish in the past quarter. The volatility ratio for the week is 4.39%, and the volatility levels for the past 30 days are at 3.01% for KGC. The simple moving average for the past 20 days is 10.26% for KGC’s stock, with a 42.61% simple moving average for the past 200 days.
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 24.84x compared to its average ratio. KGC has 36-month beta value of 1.22. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for KGC is 1.22B, and currently, short sellers hold a 1.22% ratio of that float. The average trading volume of KGC on September 13, 2024 was 15.71M shares.
KGC) stock’s latest price update
Kinross Gold Corp. (NYSE: KGC) has seen a rise in its stock price by 1.38 in relation to its previous close of 9.78. However, the company has experienced a 19.03% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-10 that Annual production over 500,000 ounces1 Impressive margins with low AISC2 of ~$800/ozDrilling beyond PEA inventory shows high-grade mineralization at depth
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 11.74% 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 able to rebound, for now settling with 0.81% of gains for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 4.39%, as shares surge +11.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.27% upper at present.
During the last 5 trading sessions, KGC rose by +19.69%, which changed the moving average for the period of 200-days by +74.61% in comparison to the 20-day moving average, which settled at $9.05. In addition, Kinross Gold Corp. saw 63.88% 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
- 0.24 for the gross margin
The net margin for Kinross Gold Corp. stands at 0.11. The total capital return value is set at 0.1. Equity return is now at value 8.00, with 4.65 for asset returns.
Based on Kinross Gold Corp. (KGC), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.86. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 14.99.
Currently, EBITDA for the company is 1.82 billion with net debt to EBITDA at 0.77. When we switch over and look at the enterprise to sales, we see a ratio of 3.01. The receivables turnover for the company is 119.3for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
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.
