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 8.11% and 44.67% over the past three months. KGC shares are trading 59.65% year to date (YTD), with the 12-month market performance up to 134.55% higher. It has a 12-month low price of $6.31 and touched a high of $15.34 over the same period. KGC has an average intraday trading volume of 21.90 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 13.67%, 22.79%, and 44.79% respectively.
Institutional ownership of Kinross Gold Corp (NYSE: KGC) shares accounts for 63.52% of the company’s 1.23B shares outstanding.
It has a market capitalization of $18.21B and a beta (3y monthly) value of 0.54. The stock’s trailing 12-month PE ratio is 19.24, while the earnings-per-share (ttm) stands at $0.77. The company has a PEG of 2.14 and a Quick Ratio of 0.74 with the debt-to-equity ratio at 0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.30% over the week and 4.41% over the month.
Earnings per share for the fiscal year are expected to increase by 47.72%, and 6.20% over the next financial year. EPS should grow at an annualized rate of 9.00% over the next five years, compared to 6.28% over the past 5-year period.
Jefferies coverage for the Kinross Gold Corp (KGC) stock in a research note released on February 29, 2024 offered a Hold rating with a price target of $5. Desjardins was of a view on September 12, 2023 that the stock is Buy, while BofA Securities gave the stock Underperform rating on April 05, 2023, issuing a price target of $4.70. Barclays on their part issued Equal Weight rating on January 30, 2023.
