Is it Right Time Pull the Trigger on Kinross Gold Corporation [KGC] Stock?

Kinross Gold Corporation [KGC] shares are up more than 70.71% this year and recently increased 0.04% or $0.32 to settle at $7.46. Analysts expect KGC to grow earnings at a 34.50% annual rate over the next 5 years. KGC has a short ratio of 1.08. This implies that the market is currently less bullish on the outlook for KGC.

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On 5, November 2020, Kinross Gold Corp. to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / November 5, 2020 / Kinross Gold Corp. (NYSE:KGC) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 5, 2020 at 8:00 AM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for Kinross Gold Corporation [NYSE:KGC] stock was on June 16, 2020, when it was Upgrade with an Outperform rating from RBC Capital Mkts, which also raised its 12-month price target on the stock from $7 to $7.50. Before that, on August 05, 2020, BofA Securities Recapitulated a Buy rating and elevated its amount target to $11.25. On April 16, 2020, Scotiabank Upgrade a Sector outperform rating. On January 23, 2020, Credit Suisse Resumed a Neutral rating. On December 05, 2019, RBC Capital Mkts Resumed a Sector perform rating. On October 15, 2019, Barclays Downgrade an Equal weight rating. On May 30, 2019, JP Morgan Downgrade an Underweight rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $2.72 and a peak of $10.31. Right now, the middling Wall Street analyst 12-month amount mark is $13.27. At the most recent market close, shares of Kinross Gold Corporation [NYSE:KGC] were valued at $7.46.


Kinross Gold Corporation [NYSE:KGC] most recently reported quarterly sales of 1.51 billion, which represented growth of 29.00%. This company’s Gross Margin is currently 35.00%, its Operating Margin is 36.80%, its Pretax Margin is +27.56, and its Net Margin is +20.55. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 8.37, 14.61, 8.86 and 10.68 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 26.24 and the whole liability to whole assets at 20.85. It shows enduring liability to the whole principal at 26.02 and enduring liability to assets at 0.21 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 7.31 points at 1st support level, the second support level is making up to 7.16. But as of 1st resistance point, this stock is sitting at 7.55 and at 7.64 for 2nd resistance point.

Kinross Gold Corporation [KGC] reported its earnings at $0.25 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.21/share signifying the difference of 0.04 and 19.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.15 calling estimates for $0.13/share with the difference of 0.02 depicting the surprise of 15.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Kinross Gold Corporation [NYSE:KGC] is 1.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.96. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.68, it’s amount to book ratio is 1.12 and showing 8.75 of P/E (TTM) ratio.