Kinross Gold Corporation (KGC) Price Targets: What Are They?

The stock of Kinross Gold Corporation (NYSE:KGC) decreased by $0.0 on Monday to finish at $4.85, down 0.00 percent. The last five days have seen an average of 9,010,840 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $0.76. The average number of shares traded over the last 20 days was 11,422,470, while the average volume over the last 50 days totaled 13,198,746.

KGC stock dropped -9.18% since last month. On 05/31/23, the company’s shares reached a one-month low of $4.62. The stock touched a high of $5.57 on 05/10/23, after rallying from a low of $3.00 in 52 weeks. The price of KGC stock has risen by 18.58% or $0.76 this year, reaching a new high 18 times. Still, the stock price is down -12.85% from the 52-week high.

Valuation Metrics

Kinross Gold Corporation (KGC) has a trailing price-to-earnings (P/E) ratio of 156.45. Beta for the stock is 0.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 1.01, and the price-to-cash flow ratio of 27.58.

Company paid $0.03 per share in dividends, remained unchanged from $0.03 last year. A $0.05 dividend decrease was reported on Monday September 21 2020.

Financial Health

For the three months ended March 30, Kinross Gold Corporation’s quick ratio was 0.70, while its current ratio was 1.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.37, and the total debt to equity ratio is 0.46. As far as profitability goes, gross margin for the trailing twelve months is 25.20% percent. Kinross Gold Corporation’s operating margin stood at 6.40% for the same period. Based on annual data, it had gross profit of $515.4 million and revenue of $3.46 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KGC’s return on assets (ROA) during the last 12 months has been 0.10%. There was a 1.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.10%.

Earnings Surprise

According to Kinross Gold Corporation’s quarterly financial report for the quarter that ended March 30, it had $107.7 million in total debt versus $43.2 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.5 billion, while revenues rose by 8.14% to $0.0. It was predicted that Kinross Gold Corporation’s quarterly earnings would be $0.07, but it ended up being $0.05. EBITDA was $355.8 million for the quarter. At the end of Kinross Gold Corporation’s most recent quarter ended March 30, its liabilities totaled 4.54 billion, while its total debt was $2.73 billion.

Technical Picture

Here’s a quick look at Kinross Gold Corporation’s (KGC) price momentum from a technical perspective. As of 05 June, the RSI 9-day stood at 42.69%, suggesting the stock is Neutral, with a 39.14% historical volatility rate.

The stochastic %K and %D were 29.93% and 23.04% respectively, while the average true range (ATR) was 0.16. Based on the 14-day stochastic reading of 28.80%, the RSI (14) reading is 44.21%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at -0.08.

Analyst Ratings

Kinross Gold Corporation (NYSE: KGC) was downgraded by BofA Securities to a an Underperform rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Kinross Gold Corporation (KGC) an Overweight rating. KGC is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.

What is KGC’s price target for the next 12 months?

The current consensus forecast for the stock is between $3.50 and $7.48, with a median target price of $6.38. In analyzing these forecasts, the average price target given by analysts for Kinross Gold Corporation (KGC) is $6.14.

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