In the latest session, Kinross Gold Corp. (NYSE: KGC) closed at $5.63 down -1.40% from its previous closing price of $5.71. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 13020059 shares were traded.
Ratios:
For a deeper understanding of Kinross Gold Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.35. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 2.47. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.37.
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 6.95B and an Enterprise Value of 8.85B. As of this moment, Kinross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.72, and their Forward P/E ratio for the next fiscal year is 18.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 2.09 whereas that against EBITDA is 5.02.
Stock Price History:
Over the past 52 weeks, KGC has reached a high of $6.34, while it has fallen to a 52-week low of $3.70. The 50-Day Moving Average of the stock is 5.37, while the 200-Day Moving Average is calculated to be 5.19.
Shares Statistics:
For the past three months, KGC has traded an average of 13.16M shares per day and 19.82M over the past ten days. A total of 1.23B shares are outstanding, with a floating share count of 1.22B. Insiders hold about 0.99% of the company’s shares, while institutions hold 60.04% stake in the company. Shares short for KGC as of Feb 29, 2024 were 10.76M with a Short Ratio of 0.82, compared to 8.99M on Jan 31, 2024.
Dividends & Splits
According to the company, the forward annual dividend rate for KGC is 0.12, from 0.12 in the trailing year. Against a Trailing Annual Dividend Yield of 2.10%, it implies a Forward Annual Dividend Yield of 2.13%. The stock’s 5-year Average Dividend Yield is 1.24. The current Payout Ratio is 35.55% for KGC, which recently paid a dividend on Mar 21, 2024 with an ex-dividend date of Mar 05, 2024. Stock splits for the company last occurred on Feb 03, 2003 when the company split stock in a 1:3 ratio.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.09 and a low estimate of -$0.03, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.06, with high estimates of $0.14 and low estimates of -$0.02.
Analysts are recommending an EPS of between $0.45 and -$0.01 for the fiscal current year, implying an average EPS of $0.31. EPS for the following year is $0.3, with 14 analysts recommending between $0.47 and $0.03.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $944M this quarter.It ranges from a high estimate of $944M to a low estimate of $944M. As of the current estimate, Kinross Gold Corp.’s year-ago sales were $973.62M, an estimated decrease of -3.00% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $1.02B, a decrease of -7.00% less than the figure of -$3.00% in the same quarter last year. There is a high estimate of $1.02B for the next quarter, whereas the lowest estimate is $1.02B.
A total of 10 analysts have provided revenue estimates for KGC’s current fiscal year. The highest revenue estimate was $4.42B, while the lowest revenue estimate was $3.96B, resulting in an average revenue estimate of $4.25B. In the same quarter a year ago, actual revenue was $4.24B, up 0.20% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $4.05B in the next fiscal year. The high estimate is $4.45B and the low estimate is $3.49B. The average revenue growth estimate for next year is down -4.80% from the average revenue estimate for this year.
