Kinross Gold (KGC) Stock Price, News & Analysis

Company Overview

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: $9.75 to $9.94
• 50-Day Range: $9.20 to $10.77
• 52-Week Range: $4.75 to $10.82
• Volume: 16.07 million shs
• Average Volume: 15.50 million shs
• Market Capitalization: $12.03 billion
• P/E Ratio: 16.05
• Dividend Yield: 1.23%
• Price Target: $10.00
• Consensus Rating: Moderate Buy

Kinross Gold Stock Analysis - MarketRank™

Kinross Gold scored higher than 84% of companies evaluated by MarketBeat, and ranked 46th out of 191 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Kinross Gold has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Kinross Gold has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 25.71%

Earnings Growth

Earnings for Kinross Gold are expected to grow by 25.71% in the coming year, from $0.70 to $0.88 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Kinross Gold is 16.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.25.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kinross Gold is 16.07, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 107.20.

Price to Earnings Growth Ratio

Kinross Gold has a PEG Ratio of 0.49. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Kinross Gold has a P/B Ratio of 1.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.05% of the float of Kinross Gold has been sold short.

Short Interest Ratio / Days to Cover

Kinross Gold has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Kinross Gold has recently increased by 18.85%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Kinross Gold pays a meaningful dividend of 1.17%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Kinross Gold does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Kinross Gold is 19.67%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Kinross Gold will have a dividend payout ratio of 13.64% next year. This indicates that Kinross Gold will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -5.55

Percentage of Shares Shorted

1.05% of the float of Kinross Gold has been sold short.

Short Interest Ratio / Days to Cover

Kinross Gold has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Kinross Gold has recently increased by 18.85%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.60

News Sentiment

Kinross Gold has a news sentiment score of 1.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Kinross Gold this week, compared to 7 articles on an average week.

Search Interest

19 people have searched for KGC on MarketBeat in the last 30 days. This is an increase of 171% compared to the previous 30 days.

MarketBeat Follows

Only 10 people have added Kinross Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of -47% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Kinross Gold insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Kinross Gold is held by insiders.

Percentage Held by Institutions

63.69% of the stock of Kinross Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KGC Stock Analysis - Frequently Asked Questions

How have KGC shares performed this year?

Kinross Gold's stock was trading at $6.05 on January 1st, 2024. Since then, KGC shares have increased by 62.0% and is now trading at $9.80.
View the best growth stocks for 2024 here.

How were Kinross Gold's earnings last quarter?

Kinross Gold Co. (NYSE:KGC) posted its quarterly earnings data on Tuesday, November, 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm's quarterly revenue was up 29.9% compared to the same quarter last year.

Who are Kinross Gold's major shareholders?

Top institutional shareholders of Kinross Gold include Van ECK Associates Corp (5.83%), Connor Clark & Lunn Investment Management Ltd. (1.08%), National Bank of Canada FI (0.78%) and Artemis Investment Management LLP (0.70%).

How do I buy shares of Kinross Gold?

Shares of KGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Kinross Gold own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kinross Gold investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), AUO (AUOTY), The RMR Group (RMR) and DiamondRock Hospitality (DRH).

Company Calendar

• Ex-Dividend for 9/6 Dividend: 8/22/2024
• Dividend Payable: 9/06/2024
• Last Earnings: 11/05/2024
• Today: 11/25/2024
• Ex-Dividend for 12/12 Dividend: 11/27/2024
• Dividend Payable: 12/12/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: Precious Metals
• Current Symbol: NYSE:KGC
• CUSIP: N/A
• CIK: 701818
• Web: www.kinross.com
• Phone: (416) 365-5123
• Fax: 416-363-6622
• Employees: 6,600
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $10.00
• High Stock Price Target: $12.00
• Low Stock Price Target: $5.50
• Potential Upside/Downside: +1.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.61
• Trailing P/E Ratio: 16.20
• Forward P/E Ratio: 14.11
• P/E Growth: 0.49
• Net Income: $416.30 million
• Net Margins: 15.23%
• Pretax Margin: 23.53%
• Return on Equity: 11.49%
• Return on Assets: 6.95%

Debt

• Debt-to-Equity Ratio: 0.18
• Current Ratio: 1.61
• Quick Ratio: 0.63

Sales & Book Value

• Annual Sales: $4.24 billion
• Price / Sales: 2.86
• Cash Flow: $1.20 per share
• Price / Cash Flow: 8.22
• Book Value: $5.04 per share
• Price / Book: 1.96

Miscellaneous

• Outstanding Shares: 1,229,050,000
• Free Float: 1,216,758,000
• Market Cap: $12.14 billion
• Optionable: Optionable
• Beta: 1.22