During the last session, Kinross Gold Corporation (NYSE:KGC)’s traded shares were 6.58 million, with the beta value of the company hitting 0.95. At the end of the trading day, the stock’s price was $4.59, reflecting an intraday gain of 0.88% or $0.04. The 52-week high for the KGC share is $5.57, that puts it down -21.35 from that peak though still a striking 34.64% gain since the share price plummeted to a 52-week low of $3.00. The company’s market capitalization is $5.46B, and the average intraday trading volume over the past 10 days was 9.08 million shares, and the average trade volume was 11.67 million shares over the past three months.

Kinross Gold Corporation (KGC) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. KGC has a Sell rating from 0 analyst(s) out of 18 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.08.

Kinross Gold Corporation (NYSE:KGC) trade information

Kinross Gold Corporation (KGC) registered a 0.88% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.88% in intraday trading to $4.59 this Friday, 07/07/23, hitting a weekly high. The stock’s 5-day price performance is -3.97%, and it has moved by -5.17% in 30 days. Based on these gigs, the overall price performance for the year is 37.43%. The short interest in Kinross Gold Corporation (NYSE:KGC) is 15.94 million shares and it means that shorts have 1.48 day(s) to cover.

The consensus price target of analysts on Wall Street is $6.15, which implies an increase of 25.37% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.50 and $7.60 respectively. As a result, KGC is trading at a discount of -65.58% off the target high and 23.75% off the low.

Kinross Gold Corporation (KGC) estimates and forecasts

Statistics show that Kinross Gold Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Kinross Gold Corporation (KGC) shares have gone up 1.32% during the last six months, with a year-to-date growth rate more than the industry average at 54.55% against 21.50. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 166.70% this quarter and then jump 80.00% in the quarter after that. In the rating firms’ projections, revenue will increase 16.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $991.88 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $1 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $821.5 million and $1.03 billion respectively. In this case, analysts expect current quarter sales to grow by 20.70% and then drop by -2.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -41.50%. While earnings are projected to return -86.10% in 2023.

KGC Dividends

Kinross Gold Corporation is due to release its next quarterly earnings on August 02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Kinross Gold Corporation is 0.12, with the dividend yield indicating at 2.61 percent, continuing the trend of increasing dividends in recent years.

Kinross Gold Corporation (NYSE:KGC)’s Major holders

Kinross Gold Corporation insiders own 0.27% of total outstanding shares while institutional holders control 67.48%, with the float percentage being 67.66%. Van Eck Associates Corporation is the largest shareholder of the company, while 551 institutions own stock in it. As of Mar 30, 2023, the company held over 146.17 million shares (or 11.91% of all shares), a total value of $688.47 million in shares.

The next largest institutional holding, with 44.37 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.61% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $208.97 million.

Also, the Mutual Funds coming in first place with the largest holdings of Kinross Gold Corporation (KGC) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Mar 30, 2023 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 73.57 million shares. This amounts to just over 5.99 percent of the company’s overall shares, with a $346.53 million market value. The same data shows that the other fund manager holds slightly less at 45.43 million, or about 3.70% of the stock, which is worth about $213.97 million.

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