Kinross Gold Corporation (NYSE:KGC) shares traded 0.42% higher at $4.77 on Wall Street last session.
KGC stock price is now -2.44% away from the 50-day moving average and 3.30% away from the 200-day moving average. The market capitalization of the company currently stands at $5.84B.
With the price target maintained at $4.70, BofA Securities recently Downgraded its rating from Buy to Underperform for Kinross Gold Corporation (NYSE: KGC).
A total of 0.28% 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 PRICE T ROWE ASSOCIATES INC /MD/ during the first quarter worth $10,896,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $8,444,000 in shares of KGC during the first quarter. In the first quarter, NATIXIS acquired a new stake in Kinross Gold Corporation valued at approximately $8,336,000. HILLSDALE INVESTMENT MANAGEMENT INC. acquired a new stake in KGC for approximately $7,611,000. POWER CORP OF CANADA purchased a new stake in KGC valued at around $4,335,000 in the second quarter. In total, there are 573 active investors with 69.90% ownership of the company’s stock.
Kinross Gold Corporation (NYSE: KGC) opened at $4.7400 on Friday. During the past 12 months, Kinross Gold Corporation has had a low of $3.17 and a high of $5.57. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.60, and a quick ratio of 0.60. The fifty day moving average price for KGC is $4.8924 and a two-hundred day moving average price translates $4.6210 for the stock.
The latest earnings results from Kinross Gold Corporation (NYSE: KGC) was released for Jun, 2023. According to the Gold Company, earnings per share came in at $0.14, beating analysts’ expectations of $0.08 by 0.06. This compares to -$0.02 EPS in the same period last year. The net profit margin was 5.10% and return on equity was 3.40% for KGC. The company reported revenue of $1.09 billion for the quarter, compared to $821.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.96 percent. For the current quarter, analysts expect KGC to generate $1.04B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2023. Investors who held shares on 08/24/2023 were paid a $0.03 dividend. On an annualized basis, this represents a $0.12 dividend and a 2.52% percent yield. There was an ex-dividend date of 08/23/2023 for this dividend. In terms of dividend payout ratio, KGC is presently at 73.90%.
