A share price of Kinross Gold Corp [KGC] is currently trading at $9.78, down -1.01%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KGC shares have gain 4.26% over the last week, with a monthly amount drifted -1.41%, and not seem to be holding up well over a long-time horizon.
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 experienced fluctuations in its stock price throughout the past year between $4.75 and $10.82. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. Kinross Gold Corp [NYSE: KGC] shares were valued at $9.78 at the most recent close of the market. An investor can expect a potential return of 17.59% based on the average KGC price forecast.
Analyzing the KGC fundamentals
Trailing Twelve Months sales for Kinross Gold Corp [NYSE:KGC] were 4.85B which represents 29.90% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 9.70 points at the first support level, and at 9.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.89, and for the 2nd resistance point, it is at 10.00.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Kinross Gold Corp [NYSE:KGC] is 1.52. Also, the Quick Ratio is 0.54, while the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 16.35.
