Think You Need A Good Stock? Look At This Kinross Gold Corporation (NYSE: KGC) Analysis

Kinross Gold Corporation (NYSE:KGC) traded at $3.65 at last check on Monday, October 31, made a downward move of -0.27% on its previous day’s price.

Looking at the stock we see that its previous close was $3.66 and the beta (5Y monthly) reads 0.98 with the day’s price range being $3.58 – $3.67. The company has a trailing 12-month PE ratio of 183.00. In terms of its 52-week price range, KGC has a high of $7.13 and a low of $3.00. The company’s stock has gained about 1.95% over that past 30 days.

Kinross Gold Corporation has a market cap of $4.79 billion and is expected to release its quarterly earnings report on Nov 09, 2022. With its Forward Dividend at 0.12 and a yield of 3.28%, the company’s investors could be anxious for the KGC stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.07, with the EPS growth for the year raised at $0.41 for 2021 and $0.8 for next year. These figures represent -46.80% and 95.10% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $954.51 million, with a low of $883 million and a high of $1.03 billion. The median projection represents growth adding up to -17.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $3.87 billion, or -8.20% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the KGC stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Based on estimates by 17 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Kinross Gold Corporation (KGC) stock as a Hold, while 9 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 0.30% off its SMA20 and 3.70% from its 50-day simple moving average. The RSI (14) is pointing at 53.59 while the volatility over the past week is 2.92% and jumps to 4.21% over the past one month. The beta value is 0.85, while the average true range (ATR) is currently pointing at 0.17. The average price target for the stock over the next 12 months is $5.66, with the estimates having a low of $3.50 and a high of $7.77. These price ends are 4.11% and -112.88% off the today’s price level respectively, although investors could be excited at the prospect of a -61.92% if the KGC share price touches on the median price of $5.91.

Let’s briefly compare Kinross Gold Corporation (KGC) stock to its peers. We find that today’s price change of -0.27% and -41.53% over the past 12 months for KGC competes that of Hecla Mining Company (HL), which has seen its stock price fall -0.44% in the latest trading session and is -23.38% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.69% and -0.39%, respectively, in early deals.

Coming back to Kinross Gold Corporation (NYSE:KGC), we note that the average 3-month trading volume was 16.94 million, while that of the preceding 10-day period stands at 16.08 million. Current shares outstanding are 1.30 billion.

The insiders hold 0.88% of the company’s shares while institutions hold 69.90%. The data shows that short shares as of Oct 13, 2022, stood at 60.26 million at a short ratio of 3.06. This represents a 4.64% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 55.55 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -37.01% down in year-to-date price movement.

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