Kinross Gold Corp. (NYSE: KGC)’s stock price has plunge by -0.30relation to previous closing price of 9.85. Nevertheless, the company has seen a 4.25% surge in its stock price over the last five trading sessions. zacks.com reported 2024-10-10 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Is It Worth Investing in Kinross Gold Corp. (NYSE: KGC) Right Now?
The price-to-earnings ratio for Kinross Gold Corp. (NYSE: KGC) is above average at 24.61x. The 36-month beta value for KGC is also noteworthy at 1.23. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for KGC is 1.22B, and at present, short sellers hold a 0.71% of that float. The average trading volume of KGC on October 14, 2024 was 15.85M shares.
KGC’s Market Performance
The stock of Kinross Gold Corp. (KGC) has seen a 4.25% increase in the past week, with a 0.41% rise in the past month, and a 7.68% gain in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 2.95% for KGC. The simple moving average for the past 20 days is 2.94% for KGC’s stock, with a 33.91% 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 7.17% 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 -2.77% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -0.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.32% upper at present.
During the last 5 trading sessions, KGC rose by +4.25%, which changed the moving average for the period of 200-days by +58.90% in comparison to the 20-day moving average, which settled at $9.54. In addition, Kinross Gold Corp. saw 62.31% 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 3.0. 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
In summary, Kinross Gold Corp. (KGC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
