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This Week’s Hot Stock: Kinross Gold Corporation (KGC)

The stock of Kinross Gold Corporation (NYSE:KGC) decreased by -$0.03 on Wednesday to $5.05, down -0.49 percent. The last five days have seen an average…

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This article was originally published by Fosters Leader

The stock of Kinross Gold Corporation (NYSE:KGC) decreased by -$0.03 on Wednesday to $5.05, down -0.49 percent. The last five days have seen an average of 20,032,145 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$0.74. The average number of shares traded over the last 20 days was 18,970,195, while the average volume over the last 50 days totaled 23,024,547.

KGC stock dropped -11.34% since last month. On 04/26/22, the company’s shares reached a one-month low of $5.06. The stock touched a high of $8.34 on 04/11/22, after rallying from a low of $4.90 in 52 weeks. The price of KGC stock has declined by -12.56% or -$0.74 this year, reaching a new high 10 times. Still, the stock price is down -39.39% from the 52-week high.

Valuation Metrics

Kinross Gold Corporation (KGC) has a trailing price-to-earnings (P/E) ratio of 29.20. Beta for the stock is 0.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.93, the price-to-book (PB) ratio of 0.97, and the price-to-cash flow ratio of 158.01.

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 June 29, Kinross Gold Corporation’s quick ratio was 1.10, while its current ratio was 2.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.25, and the total debt to equity ratio is 0.26. As far as profitability goes, gross margin for the trailing twelve months is 31.20% percent. Kinross Gold Corporation’s operating margin stood at 14.80% for the same period. Based on annual data, it had gross profit of $1.02 billion and revenue of $3.73 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 2.10%. There was a 3.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.30%. ROE has averaged -14.65 in the past year for the broader industry.

Earnings Surprise

According to Kinross Gold Corporation’s quarterly financial report for the quarter that ended June 29, it had $107.7 million in total debt versus $43.2 million in cash and short-term investments. A higher 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 $0.12, but it ended up being $0.13, beating the consensus by -7.70%. EBITDA was $153.8 million for the quarter. At the end of Kinross Gold Corporation’s most recent quarter ended June 29, its liabilities totaled 3.78 billion, while its total debt was $1.68 billion.

Technical Picture

Here’s a quick look at Kinross Gold Corporation’s (KGC) price momentum from a technical perspective. As of 26 April, the RSI 9-day stood at 17.57%, suggesting the stock is oversold, with a 22.22% historical volatility rate.

The stochastic %K and %D were 3.76% and 5.65% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 0.78%, the RSI (14) reading is 28.03%. On the 9-day MACD Oscillator, the stock is at -0.51, and the 14-day reading is at -0.66.

Analyst Ratings

Kinross Gold Corporation (NYSE: KGC) was downgraded by RBC Capital Mkts to a a Sector perform rating in its latest research report. The stock was previously rated as a an Outperform.


Author: Mike Veveers

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