Kinross Gold Corp. (NYSE:KGC) price on Thursday, July 11, rose 1.21% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.06.
A look at the stock’s price movement, the level at last check in today’s session was $8.95. The PE ratio in trailing twelve months stood at 25.87. Turning to its 52-week performance, $8.97 and $4.32 were the 52-week high and 52-week low respectively. Overall, KGC moved 20.29% over the past month.
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Kinross Gold Corp.’s market cap currently stands at around $11.13 billion. The company has a Forward Dividend ratio of 0.12, with its dividend yield at 1.32%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KGC is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
KGC’s current price about 14.02% and 17.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 74.76, while 7-day volatility ratio is 2.76% and 3.15% in the 30-day chart. Further, Kinross Gold Corp. (KGC) has a beta value of 1.19, and an average true range (ATR) of 0.27.
If we refocus on Kinross Gold Corp. (NYSE:KGC), historical trading data shows that trading volumes averaged 16.59 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.23 billion shares.
The 0.86% of Kinross Gold Corp.’s shares are in the hands of company insiders while institutional holders own 57.48% of the company’s shares. Current price change has pushed the stock 49.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KGC stock continues to rise going into the next quarter.
