Reviewing The Case For Kinross Gold Corp. (KGC) Going Higher

Currently, there are 1.23B common shares owned by the public and among those 1.22B shares have been available to trade.

The company’s stock has a 5-day price change of 7.17% and -1.45% over the past three months. KGC shares are trading 1.32% year to date (YTD), with the 12-month market performance up to 33.55% higher. It has a 12-month low price of $4.32 and touched a high of $6.34 over the same period. KGC has an average intraday trading volume of 13.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.11%, 14.14%, and 17.29% respectively.

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Institutional ownership of Kinross Gold Corp. (NYSE: KGC) shares accounts for 59.83% of the company’s 1.23B shares outstanding.

It has a market capitalization of $7.53B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 18.21, while the earnings-per-share (ttm) stands at $0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.98% over the week and 3.49% over the month.

Analysts forecast that Kinross Gold Corp. (KGC) will achieve an EPS of $0.04 for the current quarter, $0.05 for the next quarter and $0.3 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -23.39%, and -2.59% over the next financial year.

Looking at the support for the KGC, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on February 29, 2024, with the firm’s price target at $5.50-$5. RBC Capital Mkts on their part issued Sector Perform rating on April 20, 2022.

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