The 12-month median price target for Kinross Gold Corporation (KGC) assigned by the analysts stands at $4, which represents a return potential of 25.39 percent when compared to the closing price of the stock of $3.19 on Friday, January 11. The lowest price target for the stock is $2.75 — slightly more than -13.79 percent from KGC’s current share price. The stock will probably climb 26.96 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $5-month high price target. This represents a whopping 56.74 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 58.35 on daily chart, which may remain a cause for concern. If the price breaks below $3.1 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $3.23 mark may result into a pull-back move towards $3.27 level. The stock is currently hovering around the first support level of $3.14. Below this, the next support is placed in the zone of $3.1. Till the time, the KGC stock trades above this level, bulls have nothing to fear.
Shares of Kinross Gold Corporation (KGC) are trading at a P/E ratio of 14.69 times earnings reported for the past 12 months. The industry KGC operates in has an average P/E of 15.81. Its P/E ratio went as low as 12.19X and as high as 12.19 over the 5-year span. Further, it is sporting a 1.23 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1. 20.4 percent is the gross profit margin for Kinross Gold Corporation and operating margin sits at 8.6 percent. Along with this, the net profit margin is 6.9 percent.
On 11th of January, Kinross Gold Corporation (NYSE:KGC) shares ended higher after a volatile session. The shares accumulated 0.03 points or 0.95 percent at $3.19 with a light trade volume of 10.116 million shares. After opening the session at $3.17, the shares went as high as $3.22 and as low as $3.135, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $3.99 billion and now has 1.25 billion shares outstanding. Kinross Gold Corporation (KGC) stock has gained 12.32 percent of market value in 21 trading days.
KGC stock has a trailing 3-year beta of -0.06, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.18 a share in the trailing twelve months. The stock’s value has fallen -1.54 percent year to date (YTD) against a decline of -22.76 percent in 12 month’s time. The company’s shares still trade -33.26 percent away from its 1-year high of $4.78 and 34.03 percent up from 52-week low of $2.38. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.