Now Is A Suitable Moment For A Long-Term Purchase Of Kinross Gold Corp (NYSE: KGC)

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 0.21% and 3.06% over the past three months. KGC shares are trading 61.49% year to date (YTD), with the 12-month market performance up to 63.11% higher. It has a 12-month low price of $4.75 and touched a high of $10.82 over the same period. KGC has an average intraday trading volume of 16.46 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 -1.31%, -2.18%, and 17.00% respectively.

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Institutional ownership of Kinross Gold Corp (NYSE: KGC) shares accounts for 60.07% of the company’s 1.23B shares outstanding.

It has a market capitalization of $12.01B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 16.33, while the earnings-per-share (ttm) stands at $0.60. The company has a PEG of 0.51 and a Quick Ratio of 0.54 with the debt-to-equity ratio at 0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.34% over the week and 2.93% over the month.

Earnings per share for the fiscal year are expected to increase by 67.69%, and 27.71% 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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