Can Kinross Gold Corp’s (KGC) hike of 1.65% in a week be considered a lucky break?

Shaun Noe

Kinross Gold Corp (NYSE: KGC) kicked off on Tuesday, down -0.36% from the previous trading day, before settling in for the closing price of $25.35. Over the past 52 weeks, KGC has traded in a range of $8.99-$25.79.

It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 6.28%. While this was happening, its average annual earnings per share was recorded 121.20%. With a float of $1.21 billion, this company’s outstanding shares have now reached $1.22 billion.

Kinross Gold Corp (KGC) Insider and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Gold Industry. The insider ownership of Kinross Gold Corp is 0.62%, while institutional ownership is 60.79%.

Kinross Gold Corp (KGC) Latest Financial update

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.24 earnings per share (EPS), higher than consensus estimate (set at 0.19) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 121.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 35.82% during the next five years compared to 6.28% growth over the previous five years of trading.

Kinross Gold Corp (NYSE: KGC) Trading Performance Indicators

Take a look at Kinross Gold Corp’s (KGC) current performance indicators. Last quarter, stock had a quick ratio of 1.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.07. Likewise, its price to free cash flow for the trailing twelve months is 16.11.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.24, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.81 in one year’s time.

Technical Analysis of Kinross Gold Corp (KGC)

The latest stats from [Kinross Gold Corp, KGC] show that its last 5-days average volume of 18.79 million was inferior to 20.46 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 77.80%.

During the past 100 days, Kinross Gold Corp’s (KGC) raw stochastic average was set at 95.74%, which indicates a significant increase from 86.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.76 in the past 14 days, which was higher than the 0.52 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $21.19, while its 200-day Moving Average is $15.08. Now, the first resistance to watch is $25.50. This is followed by the second major resistance level at $25.74. The third major resistance level sits at $26.01. If the price goes on to break the first support level at $24.99, it is likely to go to the next support level at $24.72. The third support level lies at $24.48 if the price breaches the second support level.

Kinross Gold Corp (NYSE: KGC) Key Stats

The company with the Market Capitalisation of 30.79 billion has total of 1,212,394K Shares Outstanding. Its annual sales at the moment are 5,149 M in contrast with the sum of 948,800 K annual income. Company’s last quarter sales were recorded 1,729 M and last quarter income was 530,700 K.

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