A Look at Kinross Gold Corp. (KGC) Shares in the Recent Past Indicates Growth

With 13.03 million shares changed hands, the volume of the stock remained lighter than its average volume of 16.27 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $9.625 whereas the lowest price it dropped to was $9.37. The 52-week range on KGC shows that it touched its highest point at $10.10 and its lowest point at $4.34 during that stretch. It currently has a 1-year price target of $11.11. With its current market cap of 11.58 billion, KGC has annualized dividend of $0.12 while the current yield stands at 1.27%. Beta for the stock currently stands at 1.23.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KGC was down-trending over the past week, with a drop of -0.42%, but this was up by 8.40% over a month. Three-month performance surged to 9.79% while six-month performance rose 47.19%. The stock gained 113.61% in the past year, while it has gained 55.70% so far this year. A look at the trailing 12-month EPS for KGC yields 0.40 with Next year EPS estimates of 0.79. For the next quarter, that number is 0.18. This implies an EPS growth rate of 43.92% for this year and 24.24% for next year.

Float and Shares Shorts:

At present, 1.23 billion KGC shares are outstanding with a float of 1.22 billion shares on hand for trading. On 2024-09-13, short shares totaled 14.52 million, which was 115.99999999999999 higher than short shares on 1723680000. In addition to Mr. J. Paul Rollinson as the firm’s CEO & Director, Mr. Geoffrey P. Gold serves as its President.

Institutional Ownership:

Through their ownership of 0.69133 of KGC’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, KGC reported revenue of $1219500000.0 and operating income of $288000000.0. The EBITDA in the recently reported quarter was $594000000.0 and diluted EPS was $0.17.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KGC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.