Kinross Gold Corp. [KGC] stock is trading at $6.13, up 4.25%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KGC shares have gain 7.17% over the last week, with a monthly amount glided 28.24%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On April 05, 2023, downgrade downgraded it’s rating to Underperform but maintained its price target of $4.70 on the stock. Barclays downgraded its rating to a Equal Weight. RBC Capital Mkts downgraded its rating to a Sector Perform but $6 remained the price target by the analyst firm on April 20, 2022. Credit Suisse downgraded its rating to Neutral for this stock on March 03, 2022, and downed its price target to $5.25. In a note dated July 30, 2021, National Bank Financial upgraded an Outperform rating on this stock.
Kinross Gold Corp. [KGC] stock has fluctuated between $4.32 and $6.34 over the past year. Currently, Wall Street analysts expect the stock to reach $8.08 within the next 12 months. Kinross Gold Corp. [NYSE: KGC] shares were valued at $6.13 at the most recent close of the market. An investor can expect a potential return of 31.81% based on the average KGC price forecast.
Analyzing the KGC fundamentals
Kinross Gold Corp. [NYSE:KGC] reported sales of 4.24B for the trailing twelve months, which represents a growth of 3.67%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.99 points at the first support level, and at 5.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.21, and for the 2nd resistance point, it is at 6.29.
Kinross Gold Corp. [KGC] reported earnings per share of $0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of $0.01 and a surprise factor of 10.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.12 per share as compared to estimates of $0.1 per share, a difference of $0.02 representing a surprise of 20.00%.
Ratios To Look Out For
For context, Kinross Gold Corp.’s Current Ratio is 2.47. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 18.21.
