The closing price of Kinross Gold Corp. (NYSE: KGC) was $6.48 for the day, up 1.57% from the previous closing price of $6.38. In other words, the price has increased by $+0.10 from its previous closing price. On the day, 12516028 shares were traded.
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 21.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.44. 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 8.02B and an Enterprise Value of 9.93B. As of this moment, Kinross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.25, and their Forward P/E ratio for the next fiscal year is 17.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.88 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 2.34 whereas that against EBITDA is 5.63.
Stock Price History:
Over the past 52 weeks, KGC has reached a high of $6.57, while it has fallen to a 52-week low of $4.32. The 50-Day Moving Average of the stock is 5.54, while the 200-Day Moving Average is calculated to be 5.31.
Shares Statistics:
KGC traded an average of 13.99M shares per day over the past three months and 17.63M 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 0.86% of the company’s shares, while institutions hold 59.83% stake in the company. Shares short for KGC as of Mar 28, 2024 were 11.9M with a Short Ratio of 0.85, compared to 10.75M on Feb 29, 2024.
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 1.88%, it implies a Forward Annual Dividend Yield of 1.85%. 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
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.1 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 $0.12 and low estimates of -$0.02.
Analysts are recommending an EPS of between $0.58 and -$0.01 for the fiscal current year, implying an average EPS of $0.34. EPS for the following year is $0.36, with 15 analysts recommending between $1.04 and $0.03.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $1.03B to a low estimate of $944M. As of the current estimate, Kinross Gold Corp.’s year-ago sales were $973.62M, an estimated increase of 1.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $1.15B, an increase of 5.00% over than the figure of $1.20% in the same quarter last year. There is a high estimate of $1.15B for the next quarter, whereas the lowest estimate is $1.15B.
A total of 12 analysts have provided revenue estimates for KGC’s current fiscal year. The highest revenue estimate was $4.81B, while the lowest revenue estimate was $3.96B, resulting in an average revenue estimate of $4.31B. In the same quarter a year ago, actual revenue was $4.24B, up 1.80% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $4.27B in the next fiscal year. The high estimate is $4.86B and the low estimate is $3.49B. The average revenue growth estimate for next year is down -1.10% from the average revenue estimate for this year.
