Daily Market Movement: Kinross Gold Corp. (KGC) Sees a 0.37 Increase, Closing at 10.75

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The closing price of Kinross Gold Corp. (NYSE: KGC) was $10.75 for the day, up 0.37% from the previous closing price of $10.71. In other words, the price has increased by $0.37 from its previous closing price. On the day, 22.96 million shares were traded. KGC stock price reached its highest trading level at $10.82 during the session, while it also had its lowest trading level at $10.465.

Ratios:

Our analysis of KGC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.02. For the most recent quarter (mrq), Quick Ratio is recorded 0.44 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.20.

BofA Securities Downgraded its Buy to Underperform on April 05, 2023, while the target price for the stock was maintained at $4.70.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KGC now has a Market Capitalization of 13212072960 and an Enterprise Value of 14897049600. As of this moment, Kinross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.94, and their Forward P/E ratio for the next fiscal year is 12.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.92 while its Price-to-Book (P/B) ratio in mrq is 2.09. Its current Enterprise Value per Revenue stands at 3.296 whereas that against EBITDA is 7.475.

Stock Price History:

Over the past 52 weeks, KGC has reached a high of $10.82, while it has fallen to a 52-week low of $4.75. The 50-Day Moving Average of the stock is 13.45%, while the 200-Day Moving Average is calculated to be 42.65%.

Shares Statistics:

KGC traded an average of 15.29M shares per day over the past three months and 13406490 shares per day over the past ten days. A total of 1.23B shares are outstanding, with a floating share count of 1.22B. Insiders hold about 0.80% of the company’s shares, while institutions hold 66.84% stake in the company. Shares short for KGC as of 1727654400 were 8637710 with a Short Ratio of 0.56, compared to 1724976000 on 14520729.

Dividends & Splits

With its trailing 12-month dividend rate of 0.12, KGC has a forward annual dividend rate of 0.12. Against a Trailing Annual Dividend Yield of 0.011204481The stock’s 5-year Average Dividend Yield is 1.24.

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