Market Insights: Kinross Gold Corp. (KGC)’s Notable Gain of 2.40, Closing at 7.69

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As of close of business last night, Kinross Gold Corp.’s stock clocked out at $7.69, up 2.40% from its previous closing price of $7.51. In other words, the price has increased by $2.40 from its previous closing price. On the day, 20.8 million shares were traded. KGC stock price reached its highest trading level at $7.775 during the session, while it also had its lowest trading level at $7.53.


To gain a deeper understanding of KGC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 22.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.31. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 1.08. In the meantime, Its Debt-to-Equity ratio is 0.37 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 9450856448 and an Enterprise Value of 11406109696. As of this moment, Kinross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.96, and their Forward P/E ratio for the next fiscal year is 13.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 2.597 whereas that against EBITDA is 6.07.

Stock Price History:

The Beta on a monthly basis for KGC is 1.17, which has changed by 0.66811275 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, KGC has reached a high of $8.27, while it has fallen to a 52-week low of $4.32. The 50-Day Moving Average of the stock is 5.96%, while the 200-Day Moving Average is calculated to be 30.89%.

Shares Statistics:

It appears that KGC traded 16.11M shares on average per day over the past three months and 15453640 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 0.73% of the company’s shares, while institutions hold 60.90% stake in the company. Shares short for KGC as of 1715731200 were 11115672 with a Short Ratio of 0.69, compared to 1713139200 on 11509177.

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 0.015978694The 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 2024-05-30 with an ex-dividend date of 1717027200. Stock splits for the company last occurred on 2003-02-03 when the company split stock in a 1:3 ratio.

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