A new trading day began on Monday, with Kinross Gold Corp (NYSE: KGC) stock price down -1.85% from the previous day of trading, before settling in for the closing price of $9.71. KGC’s price has ranged from $4.75 to $10.82 over the past 52 weeks.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 9.33%. Meanwhile, its annual earnings per share averaged 68.18%. With a float of $1.22 billion, this company’s outstanding shares have now reached $1.23 billion.
Let’s determine the extent of company efficiency that accounts for 6600 employees. In terms of profitability, gross margin is 27.71%, operating margin of 24.68%, and the pretax margin is 23.42%.
Kinross Gold Corp (KGC) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gold Industry. The insider ownership of Kinross Gold Corp is 0.67%, while institutional ownership is 60.08%.
Kinross Gold Corp (KGC) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.11 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 68.18% per share during the next fiscal year.
Kinross Gold Corp (NYSE: KGC) Trading Performance Indicators
Here are Kinross Gold Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.42. Likewise, its price to free cash flow for the trailing twelve months is 13.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.60, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 0.94 in one year’s time.
Technical Analysis of Kinross Gold Corp (KGC)
Looking closely at Kinross Gold Corp (NYSE: KGC), its last 5-days average volume was 15.61 million, which is a jump from its year-to-date volume of 15.5 million. As of the previous 9 days, the stock’s Stochastic %D was 27.42%. Additionally, its Average True Range was 0.36.
During the past 100 days, Kinross Gold Corp’s (KGC) raw stochastic average was set at 56.71%, which indicates a significant increase from 34.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.33% in the past 14 days, which was lower than the 42.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.92, while its 200-day Moving Average is $8.12. However, in the short run, Kinross Gold Corp’s stock first resistance to watch stands at $9.67. Second resistance stands at $9.81. The third major resistance level sits at $9.90. If the price goes on to break the first support level at $9.44, it is likely to go to the next support level at $9.35. Should the price break the second support level, the third support level stands at $9.21.
Kinross Gold Corp (NYSE: KGC) Key Stats
With a market capitalization of 11.71 billion, the company has a total of 1,229,048K Shares Outstanding. Currently, annual sales are 4,240 M while annual income is 416,300 K. The company’s previous quarter sales were 1,432 M while its latest quarter income was 355,300 K.
