Kinross Gold Corp. (NYSE:KGC) shares, rose in value, with the stock price up by 0.61% to the previous day’s close as strong demand from buyers drove the stock to $6.60.
Actively observing the price movement in the last trading, the stock closed the session at $6.56. The PE ratio was 19.60 over 12-month period. Referring to stock’s 52-week performance, its high was $6.82, and the low was $4.32. On the whole, KGC has fluctuated by 15.99% over the past month.
The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 1.82%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.32B, with a low estimate of 944M and a high estimate of 1.03B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 987.95M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KGC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KGC currently trading nearly 4.12% and 15.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.70, while the 7-day volatility ratio is showing 3.25% which for the 30-day chart, stands at 3.41%. Furthermore, Kinross Gold Corp. (KGC)’s beta value is 1.14, and its average true range (ATR) is 0.23.
A comparison of Kinross Gold Corp. (KGC) with its peers suggests the former has fared considerably weaker in the market. KGC showed an intraday change of 0.61% in last session, and over the past year, it grew by 31.47%%.
Data on historical trading for Kinross Gold Corp. (NYSE:KGC) indicates that the trading volumes over the past 3 months, they’ve averaged 15.06 million. According to company’s latest data on outstanding shares, there are 1.23 billion shares outstanding.
Nearly 0.86% of Kinross Gold Corp.’s shares belong to company insiders and institutional investors own 59.99% of the company’s shares. The stock has risen by 9.09% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KGC stock heading into the next quarter.
