Kinross Gold Corp (NYSE:KGC) shares, rose in value, with the stock price down by -0.97% to the previous day’s close as strong demand from buyers drove the stock to $11.33.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.44. The PE ratio was 14.73 over 12-month period. Referring to stock’s 52-week performance, its high was $12.28, and the low was $5.24. On the whole, KGC has fluctuated by -1.22% over the past month.
With the market capitalization of Kinross Gold Corp currently standing at about $13.93 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 1.06%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.53B, with a low estimate of 1.31B and a high estimate of 1.31B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.31B.
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 50% 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 4.55, with the price of KGC currently trading nearly -0.11% and 5.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.17, while the 7-day volatility ratio is showing 4.29% which for the 30-day chart, stands at 3.58%. Furthermore, Kinross Gold Corp (KGC)’s beta value is 1.22, and its average true range (ATR) is 0.42.
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 -0.97% in today’s session so far, and over the past year, it grew by 110.98%%.
Data on historical trading for Kinross Gold Corp (NYSE:KGC) indicates that the trading volumes over the past 3 months, they’ve averaged 20.93 million. According to company’s latest data on outstanding shares, there are 1.23 billion shares outstanding.
Nearly 0.64% of Kinross Gold Corp’s shares belong to company insiders and institutional investors own 64.12% of the company’s shares. The stock has risen by 22.22% 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.
