Market Recap Check: Kinross Gold Corp. (KGC)’s Positive Finish at 10.15, Up/Down 1.20

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The price of Kinross Gold Corp. (NYSE: KGC) closed at $10.15 in the last session, up 1.20% from day before closing price of $10.03. In other words, the price has increased by $1.20 from its previous closing price. On the day, 13.21 million shares were traded. KGC stock price reached its highest trading level at $10.29 during the session, while it also had its lowest trading level at $10.06.

Ratios:

We take a closer look at KGC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.62. 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 12474653696 and an Enterprise Value of 14159649792. As of this moment, Kinross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.43, and their Forward P/E ratio for the next fiscal year is 12.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.76 while its Price-to-Book (P/B) ratio in mrq is 1.97. Its current Enterprise Value per Revenue stands at 3.133 whereas that against EBITDA is 7.105.

Stock Price History:

Over the past 52 weeks, KGC has reached a high of $10.22, while it has fallen to a 52-week low of $4.75. The 50-Day Moving Average of the stock is 9.31%, while the 200-Day Moving Average is calculated to be 36.95%.

Shares Statistics:

According to the various share statistics, KGC traded on average about 15.40M shares per day over the past 3-months and 10919780 shares per day over the past 10 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 66.58% 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

The forward annual dividend rate for KGC is 0.12, which was 0.12 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.011964108The stock’s 5-year Average Dividend Yield is 1.24.

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