Take off with Kinross Gold Corp. (KGC): Get ready for trading

With 7.07 million shares changed hands, the volume of the stock remained lighter than its average volume of 12.85 million shares. The 52-week range on KGC shows that it touched its highest point at $6.34 and its lowest point at $3.40 during that stretch. It currently has a 1-year price target of $7.02. With its current market cap of 6.62 billion, KGC has annualized dividend of $0.12 while the current yield stands at 2.23%. Beta for the stock currently stands at 1.16.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KGC was down-trending over the past week, with a drop of -2.18%, but this was down by -5.27% over a month. Three-month performance dropped to -1.64% while six-month performance rose 7.37%. The stock gained 23.91% in the past year, while it has lost -10.91% so far this year. A look at the trailing 12-month EPS for KGC yields 0.20 with Next year EPS estimates of 0.41. For the next quarter, that number is 0.09. This implies an EPS growth rate of 89.82% for this year and -1.61% for next year.

Float and Shares Shorts:

At present, 1.22 billion KGC shares are outstanding with a float of 1.22 billion shares on hand for trading. On Jan 11, 2024, short shares totaled 11.43 million, which was 0.84% higher than short shares on Dec 14, 2023. In addition to Mr. J. Paul Rollinson as the firm’s President, CEO & Director, Ms. Andrea Susan Freeborough serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 64.00% of KGC’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KGC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KGC analysts setting a high price target of $9.00 and a low target of $5.25, the average target price over the next 12 months is $7.09. Based on these targets, KGC could surge 66.98% to reach the target high and fall by -2.6% to reach the target low. Reaching the average price target will result in a growth of 31.54% from current levels.