Before Investing In Kinross Gold Corp. (NYSE:KGC), Here Are Some Things To Consider

The stock of Kinross Gold Corp. (NYSE:KGC) last traded at $5.48, down -1.26% from the previous session.

Data from the available sources indicates that Kinross Gold Corp. (NYSE:KGC) is covered by 18 analysts. 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 $5.55, this indicates a potential upside of 17.12 percent. KGC stock price is now 9.80% away from the 50-day moving average and 15.02% away from the 200-day moving average. The market capitalization of the company currently stands at $6.73B.

In total, 6 analysts have assigned it a hold rating, and 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.

With an opening price of $5.50 on Monday morning, Kinross Gold Corp. (NYSE: KGC) set off the trading day. During the past 12 months, Kinross Gold Corp. has had a low of $3.40 and a high of $5.60. 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 $4.99 and a two-hundred day moving average price translates $4.76 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.

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