While Kinross Gold Corp has overperformed by 1.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KGC rose by 75.30%, with highs and lows ranging from $10.82 to $4.75, whereas the simple moving average jumped by 21.87% in the last 200 days.
On February 29, 2024, Jefferies started tracking Kinross Gold Corp (NYSE: KGC) recommending Hold. A report published by Desjardins on September 12, 2023, Initiated its previous ‘Buy’ rating for KGC. BofA Securities also Downgraded KGC shares as ‘Underperform’, setting a target price of $4.70 on the company’s shares in a report dated April 05, 2023. RBC Capital Mkts April 20, 2022d its ‘Outperform’ rating to ‘Sector Perform’ for KGC, as published in its report on April 20, 2022. Credit Suisse’s report from March 03, 2022 suggests a price prediction of $5.25 for KGC shares, giving the stock a ‘Neutral’ rating. National Bank Financial also rated the stock as ‘Outperform’.
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Analysis of Kinross Gold Corp (KGC)
Investors in Kinross Gold Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.12 per share. Further, the quarter-over-quarter increase in sales is 29.90%, showing a positive trend in the upcoming months.
One of the most important indicators of Kinross Gold Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 11.63% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.54, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and KGC is recording 16.49M average volume. On a monthly basis, the volatility of the stock is set at 3.14%, whereas on a weekly basis, it is put at 2.45%, with a gain of 1.61% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.52, showing growth from the present price of $10.08, which can serve as yet another indication of whether KGC is worth investing in or should be passed over.
How Do You Analyze Kinross Gold Corp Shares?
The Gold market is dominated by Kinross Gold Corp (KGC) based in the Canada. When comparing Kinross Gold Corp shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 16.85, there is a growth in quarterly earnings of 224.83%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.67%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 60.06% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KGC shares are owned by institutional investors to the tune of 60.06% at present.
