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After finishing at $6.31 in the prior trading day, Kinross Gold Corp. (NYSE: KGC) closed at $6.42, up 1.74%. In other words, the price has increased by $1.74 from its previous closing price. On the day, 17.44 million shares were traded. KGC stock price reached its highest trading level at $6.52 during the session, while it also had its lowest trading level at $6.31.
Ratios:
Our goal is to gain a better understanding of KGC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.23. 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 7890051584 and an Enterprise Value of 9878418432. As of this moment, Kinross’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.07, and their Forward P/E ratio for the next fiscal year is 16.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 2.33 whereas that against EBITDA is 5.569.
Stock Price History:
The Beta on a monthly basis for KGC is 1.15, which has changed by 0.26377952 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, KGC has reached a high of $6.81, while it has fallen to a 52-week low of $4.32. The 50-Day Moving Average of the stock is 14.90%, while the 200-Day Moving Average is calculated to be 20.43%.
Shares Statistics:
The stock has traded on average 14.44M shares per day over the past 3-months and 19502570 shares per day over the last 10 days, according to various share statistics. 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 60.05% stake in the company. Shares short for KGC as of 1711584000 were 11904182 with a Short Ratio of 0.82, compared to 1709164800 on 10753920.
Dividends & Splits
In the trailing 12 months, KGC’s forward annual dividend rate was 0.12, compared to 0.12 this year. 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 2024-03-05 with an ex-dividend date of 1709596800. Stock splits for the company last occurred on 2003-02-03 when the company split stock in a 1:3 ratio.
Earnings Estimates
Kinross Gold Corp. (KGC) is currently under the scrutiny of 8 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $0.06 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 $0.07, with high estimates of $0.14 and low estimates of $0.03.
Analysts are recommending an EPS of between $0.63 and $0.19 for the fiscal current year, implying an average EPS of $0.36. EPS for the following year is $0.39, with 15 analysts recommending between $1.03 and $0.08.
Revenue Estimates
2 analysts predict $987.95M in revenue for the current quarter. 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 1.50% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $1.16B, an increase of 6.40% over than the figure of $1.50% in the same quarter last year. There is a high estimate of $1.16B for the next quarter, whereas the lowest estimate is $1.16B.
A total of 12 analysts have provided revenue estimates for KGC’s current fiscal year. The highest revenue estimate was $4.84B, while the lowest revenue estimate was $3.96B, resulting in an average revenue estimate of $4.32B. 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 $4.28B in the next fiscal year. The high estimate is $5.04B and the low estimate is $3.49B. The average revenue growth estimate for next year is down -0.80% from the average revenue estimate for this year.
