Kinross Gold Corporation (NYSE:KGC) shares traded -1.21% lower at $4.08 on Wall Street last session.
In accordance with the data, 17 analysts cover Kinross Gold Corporation (NYSE:KGC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.54 and a low of $3.50, we find $5.50. Given the previous closing price of $4.13, this indicates a potential upside of 33.17 percent. KGC stock price is now 11.49% away from the 50-day moving average and -6.22% away from the 200-day moving average. The market capitalization of the company currently stands at $5.23B.
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It has been rated a hold by 6 analysts and a buy by 9. Brokers who have rated the stock have averaged $5.46 as their price target over the next twelve months.
With the price target maintained at $6, RBC Capital Mkts recently Downgraded its rating from Outperform to Sector Perform for Kinross Gold Corporation (NYSE: KGC). On March 03, 2022, Credit Suisse Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $7 to quote $5.25, while ‘National Bank Financial’ rates the stock as ‘Outperform’.
A total of 0.88% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KGC stock. A new stake in Kinross Gold Corporation shares was purchased by NFJ INVESTMENT GROUP, LLC during the first quarter worth $52,951,000. JEFFERIES GROUP LLC invested $3,071,000 in shares of KGC during the first quarter. In the first quarter, QUANTBOT TECHNOLOGIES LP acquired a new stake in Kinross Gold Corporation valued at approximately $2,333,000. HRT FINANCIAL LP acquired a new stake in KGC for approximately $970,000. SCHONFELD STRATEGIC ADVISORS LLC purchased a new stake in KGC valued at around $783,000 in the second quarter. In total, there are 553 active investors with 69.90% ownership of the company’s stock.
Kinross Gold Corporation (NYSE: KGC) opened at $4.0500 on Thursday. During the past 12 months, Kinross Gold Corporation has had a low of $3.00 and a high of $7.07. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 3.00, and a quick ratio of 1.30. The fifty day moving average price for KGC is $3.6594 and a two-hundred day moving average price translates $4.3505 for the stock.
The latest earnings results from Kinross Gold Corporation (NYSE: KGC) was released for Jun, 2022. According to the Gold Company, earnings per share came in at $0.12, missing analysts’ expectations of $0.13 by -0.01. This compares to $0.02 EPS in the same period last year. The net profit margin was -15.10% and return on equity was -7.90% for KGC. The company reported revenue of $856.5 million for the quarter, compared to $582.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.06 percent. For the current quarter, analysts expect KGC to generate $954.51M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2022. Investors who held shares on 08/18/2022 were paid a $0.03 dividend. On an annualized basis, this represents a $0.12 dividend and a 2.94% percent yield. There was an ex-dividend date of 08/17/2022 for this dividend.
Kinross Gold Corporation(KGC) Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.
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