At the time of writing, Kinross Gold Corp [KGC] stock is trading at $15.20, up 4.76%. 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 4.18% over the last week, with a monthly amount glided 28.92%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On September 12, 2023, Desjardins initiated with a Buy rating. BofA Securities downgraded its rating to a Underperform but stick to its price target of $4.70 on April 05, 2023. Barclays downgraded its rating to a Equal Weight. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on April 20, 2022, but kept the price target unchanged to $6. In a note dated March 03, 2022, Credit Suisse downgraded an Neutral rating on this stock and revised its target price from $7 to $5.25.
For the past year, the stock price of Kinross Gold Corp fluctuated between $6.67 and $15.45. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. Kinross Gold Corp [NYSE: KGC] shares were valued at $15.20 at the most recent close of the market. An investor can expect a potential return of 1.97% based on the average KGC price forecast.
Analyzing the KGC fundamentals
According to Kinross Gold Corp [NYSE:KGC], the company’s sales were 5.15B for trailing twelve months, which represents an 26.90% jump. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.15 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 14.89 points at the first support level, and at 14.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.38, and for the 2nd resistance point, it is at 15.56.
Ratios To Look Out For
It is important to note that Kinross Gold Corp [NYSE:KGC] has a current ratio of 1.91. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.58. Considering the valuation of this stock, the price to sales ratio is 3.63, the price to book ratio is 2.72 and price to earnings (TTM) ratio is 19.76.
