Kinross Gold Corp. (NYSE:KGC) shares, rose in value, with the stock price up by 4.56% to the previous day’s close as strong demand from buyers drove the stock to $9.85.
Actively observing the price movement in the last trading, the stock closed the session at $9.42, falling within a range of $9.46 and $9.87. The value of beta (5-year monthly) was 1.243 whereas the PE ratio was 24.68 over 12-month period. Referring to stock’s 52-week performance, its high was $10.10, and the low was $4.70. On the whole, KGC has fluctuated by 7.65% over the past month.
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With the market capitalization of Kinross Gold Corp. currently standing at about $12.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 1.22%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.88B, with a low estimate of 1.3B and a high estimate of 1.3B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.3B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KGC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.83, with the price of KGC currently trading nearly 3.24% and 7.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.88, while the 7-day volatility ratio is showing 2.71% which for the 30-day chart, stands at 3.09%. Furthermore, Kinross Gold Corp. (KGC)’s beta value is 1.24, and its average true range (ATR) is 0.30.
A comparison of Kinross Gold Corp. (KGC) with its peers suggests the former has fared considerably weaker in the market. KGC showed an intraday change of 4.56% in last session, and over the past year, it grew by 104.78%%.
Data on historical trading for Kinross Gold Corp. (NYSE:KGC) indicates that the trading volumes over the past 10 days have averaged 11.6 and over the past 3 months, they’ve averaged 15.93 million. According to company’s latest data on outstanding shares, there are 1.23 billion shares outstanding.
Nearly 0.80% of Kinross Gold Corp.’s shares belong to company insiders and institutional investors own 56.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.64 million shares as on 2024-09-30, resulting in a short ratio of 0.49. The stock has risen by 62.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KGC stock heading into the next quarter.
