Market Watch: Kinross Gold Corp. (KGC)’s Noteworthy Gain, Closing at 7.53

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

As of close of business last night, Kinross Gold Corp.’s stock clocked out at $7.53, up 6.06% from its previous closing price of $7.10. In other words, the price has increased by $6.06 from its previous closing price. On the day, 18.63 million shares were traded. KGC stock price reached its highest trading level at $7.56 during the session, while it also had its lowest trading level at $7.165.

Ratios:

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 22.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.87. 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 9254219776 and an Enterprise Value of 10401411072. As of this moment, Kinross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.50, and their Forward P/E ratio for the next fiscal year is 15.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.11 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 2.368 whereas that against EBITDA is 5.527.

Stock Price History:

Over the past 52 weeks, KGC has reached a high of $7.20, while it has fallen to a 52-week low of $4.32. The 50-Day Moving Average of the stock is 23.87%, while the 200-Day Moving Average is calculated to be 37.69%.

Shares Statistics:

It appears that KGC traded 16.11M shares on average per day over the past three months and 16346690 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 0.84% of the company’s shares, while institutions hold 62.60% stake in the company. Shares short for KGC as of 1713139200 were 11509177 with a Short Ratio of 0.71, compared to 1710460800 on 11904182.

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 0.016901407The stock’s 5-year Average Dividend Yield is 1.24.

Most Popular

[the_ad id="945"]