Before You Invest, Make Sure You Check This Kinross Gold Corporation (NYSE:KGC) Analysis

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Kinross Gold Corporation (NYSE:KGC) traded at $6.44 at close of the session on Friday, Jul 02, made an upward move of 1.26% on its previous day’s price.

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Looking at the stock we see that its previous close was $6.36 and the beta (5Y monthly) reads 0.86 with the day’s price range being $6.39 – 6.55. The company has a trailing 12-month PE ratio of 5.96. In terms of its 52-week price range, KGC has a high of $10.31 and a low of $6.1. The company’s stock has gained about -18.38% over that past 30 days.

Kinross Gold Corporation has a market cap of $7.99 Billion and is expected to release its quarterly earnings report on July 28, 2021. With its Forward Dividend at 0.12 and a yield of 1.86%, the company’s investors could be anxious for the KGC stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.13, with the EPS growth for the year declined at $0.53 for 2021 and $0.87 for next year. These figures represent -0.31% and 0.64% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.03 Billion, with a low of $1Billion and a high of $1.07 Billion. The median projection represents growth adding up to 2.4% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $4.1 Billion, or -2.8% down from figures reported last year.

On the other hand, looking at the outlook for the KGC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 19 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Kinross Gold Corporation (KGC) stock as a Hold, while 13 rate it as a Buy. 1 analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the KGC stock currently stands at 0, and the current price level is -8.2% off its SMA20 and -13.32% from its 50-day simple moving average. The RSI (14) is pointing at 32.96 while the volatility over the past week is 2.81% and jumps to 3.03% over the past one month. The beta value is 0.86, while the average true range (ATR) is currently pointing at 0.22. The average price target for the stock over the next 12 months is $9.86, with the estimates having a low of $5.5 and a high of $14.47. These price ends are -14.6% and +124.69% off the current price level respectively, although investors could be excited at the prospect of a +47.52% if the KGC share price touches on the median price of $9.5.

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Let’s briefly compare Kinross Gold Corporation (KGC) stock to its peers. We find that current price change of +1.26% and -10.18% over the past 12 months for KGC betters that of Barrick Gold Corp (GOLD), which has seen its stock price rise 1.02% in the last trading session and was -20.41% over the last one year. Another of its peers Franco Nev Corp (FNV) has climbed 1.65% previous session, and was +8.01% up over the past year, while Agnico-Eagle Mines Ltd (AEM) was also up 1.26% in the last session, while its price remained in the red at -10.18% over the same period. Kinross Gold Corporation has a P/E ratio of 5.96 compared to Barrick Gold Corp’s 15.01 and Franco Nev Corp’s 47.29. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.75% and 0.44%, respectively, at close of the trading.

Coming back to Kinross Gold Corporation (NYSE:KGC), we note that the average 3-month trading volume was 12.73 Million, while that of the preceding 10-day period stands at 10.12 Million. Current shares outstanding are 1.26 Billion.

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According to data from Thomson Reuters, insiders hold 0.23% of the company’s shares while institutions hold 64.27%. The data shows that short shares as of June 14, 2021, stood at 6.85 Million at a short ratio of 0.63. This represents a 0.54% short interest in shares outstanding on June 14, 2021. Shares short dropped in June from the previous month at 15.9 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -12.26% down in year-to-date price movement.