In yesterday’s Wall Street session, Kinross Gold Corp. (NYSE:KGC) shares traded at $5.27, down -0.75% from the previous session.
As of this writing, 18 analysts cover Kinross Gold Corp. (NYSE:KGC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $8.03 and a low of $4.50, we find $6.50. Given the previous closing price of $5.31, this indicates a potential upside of 22.41 percent. KGC stock price is now 6.74% away from the 50-day moving average and 11.00% away from the 200-day moving average. The market capitalization of the company currently stands at $6.47B.
There are 6 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $6.26 as their price target over the next twelve months.
A total of 0.97% 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 Corp. shares was purchased by PRICE T ROWE ASSOCIATES INC /MD/ during the first quarter worth $12,038,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $9,329,000 in shares of KGC during the first quarter. In the first quarter, NATIXIS acquired a new stake in Kinross Gold Corp. valued at approximately $9,210,000. HILLSDALE INVESTMENT MANAGEMENT INC. acquired a new stake in KGC for approximately $8,409,000. POWER CORP OF CANADA purchased a new stake in KGC valued at around $4,789,000 in the second quarter. In total, there are 573 active investors with 55.80% ownership of the company’s stock.
Monday morning saw Kinross Gold Corp. (NYSE: KGC) opened at $5.35. During the past 12 months, Kinross Gold Corp. has had a low of $3.37 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 1.50, and a quick ratio of 0.54. The fifty day moving average price for KGC is $4.95 and a two-hundred day moving average price translates $4.75 for the stock.
The latest earnings results from Kinross Gold Corp. (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 5.06% and return on equity was 3.28% 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 $1.09B 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 2.28% percent yield. There was an ex-dividend date of 08/23/2023 for this dividend.
Kinross Gold Corp.(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, Brazil, Chile, Canada, 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.
