Kinross Gold Corp (NYSE:KGC) shares, rose in value on Friday, January 03, with the stock price down by -1.11% to the previous day’s close as strong demand from buyers drove the stock to $9.77.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.88, falling within a range of $9.76 and $9.9194. The value of beta (5-year monthly) is 1.249 whereas the PE ratio is 16.33 over 12-month period. Referring to stock’s 52-week performance, its high was $10.82, and the low was $4.75. On the whole, KGC has fluctuated by -1.51% over the past month.
With the market capitalization of Kinross Gold Corp currently standing at about $12.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 1.23%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.17B, with a low estimate of 1.49B and a high estimate of 1.49B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.49B.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 0.69, with the price of KGC currently trading nearly 1.64% and -0.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.91, while the 7-day volatility ratio is showing 2.60% which for the 30-day chart, stands at 2.96%. Furthermore, Kinross Gold Corp (KGC)’s beta value is 1.21, and its average true range (ATR) is 0.31.
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 -1.11% in today’s session so far, and over the past year, it grew by 70.80%%.
Data on historical trading for Kinross Gold Corp (NYSE:KGC) indicates that the trading volumes over the past 10 days have averaged 15.35 and over the past 3 months, they’ve averaged 15.65 million. According to company’s latest data on outstanding shares, there are 1.23 billion shares outstanding.
Nearly 0.66% of Kinross Gold Corp’s shares belong to company insiders and institutional investors own 60.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.95 million shares as on 2024-12-13, resulting in a short ratio of 0.46. The stock has risen by 5.39% 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.
