Kinross Gold Corp. (NYSE:KGC) price closed lower on Friday, April 12, dropping -1.54% below its previous close.
A look at the daily price movement shows that the last close reads $6.48. The company’s 5Y monthly beta was ticking 1.21 while its P/E ratio in the trailing 12-month period read 18.95. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.57 and 52-week low of $4.32. The stock added 11.73% on its value in the past month.
Kinross Gold Corp., which has a market valuation of $7.84 billion, is expected to release its quarterly earnings report May 07, 2024. The company stock has a Forward Dividend ratio of 0.12, while the dividend yield is 1.88%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give KGC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that KGC’s price is at present 6.09% off the SMA20 and 15.15% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.08, with weekly volatility standing at 4.05%. The indicator jumps to 3.34% when calculated based on the past 30 days. Kinross Gold Corp. (NYSE:KGC)’s beta value is holding at 1.16, while the average true range (ATR) indicator is currently reading 0.22. An analysis of the Kinross Gold Corp. (NYSE:KGC) stock in terms of its daily trading volume indicates that the 3-month average is 14.01 million.
Current records show that the company has 1.23B in outstanding shares. The insiders’ percentage holdings are 0.86% of outstanding shares while the percentage share held by institutions stands at 59.89%. But the 5.45% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
