Kinross Gold Corporation (KGC) Stock: Exploring a Year of Highs, Lows, and Trading Volume

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Kinross Gold Corporation’s current trading price is -14.29% away from its 52-week high, while its distance from the 52-week low is 50.47%. The stock’s price range during this period has varied between $3.17 and $5.57. The company, active in the Basic Materials sector, saw a trading volume of around 7.02 million for the day, considerably lower average daily volume of 9.4 million observed over the last three months.

Kinross Gold Corporation (KGC) has a current stock price of $4.77. During the previous trading session, the stock witnessed a notable rise, reaching a high of $4.8599 after opening at $4.74. The stock’s low for the day was $4.74, and it eventually closed at $4.75.

Kinross Gold Corporation’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $5.57 on 05/10/23, with the lowest value being $3.17 on 09/16/22.

How Financial Performance Impacts Market Capitalization

Kinross Gold Corporation (KGC) has experienced a quarterly decline of -1.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.84B and boasts a workforce of 8970 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 4.94, with a change in price of -0.39. Similarly, Kinross Gold Corporation recorded 10,146,948 in trading volume during the last 100 days, posting a change of -7.56%.

How KGC’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for KGC stands at 0.42. Similarly, the long-term debt-to-equity ratio is also 0.33.

KGC Stock Stochastic Average

As of today, the raw stochastic average of Kinross Gold Corporation over the last 50 days is at 33.33%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 28.81%. Further, the company’s Stochastic %K and %D values for the last 20 days were 31.07% and 39.74%, respectively.

KGC Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price gain of 16.63% this year. Over the last six months, there has been a weaker performance of 39.47%. The price of KGC leaped by -5.17% during the last 30 days period. For the last 5-days stocks have slided -5.92%.

gold