Short interest on shares of Kinross Gold stock (KGC:NYE) fell significantly in November. As of November 30th, short interest totaled 50,590,000 shares, a decrease of 11.9% from the amount of 57,430,000 shares on November 15th.
4.1% of the stock’s shares are now traded short. Currently, the days-to-cover ratio is 2.7 days based on an average trading volume of 18,430,000 shares.
Kinross Gold Stock-Analyst Ratings:
KGC stock has been the focus of multiple analyst reports.
National Bank Financial lowered its KGC stock price estimate from C$9.25 to C$8.
Royal Bank of Canada decreased its KGC stock price target from $6.00 to $4.00 and assigned the company a “Sector Perform” rating.
TD Securities dropped their KGC stock price target from $7.00 to $6.00 and assigned the stock a “Buy” rating.
Stifel Nicolaus decreased its price target for Kinross Gold stock from C$10.00 to C$9.00.
Raymond James reduced Kinross Gold from an “Outperform” rating to a “Market Perform” one.
Kinross Gold stock presently has an average rating of “Strong Buy” and an average price target of $7.36.
Institutional Holdings:
In the second quarter, Venture Visionary Partners LLC purchased a new investment in shares of Kinross Gold valued at approximately $29,000.
During the first quarter, Anson Funds Management LP acquired a new investment in Kinross Gold worth roughly $31,000.
During the second quarter, Patriot Financial Group Insurance Agency LLC increased its holdings in Kinross Gold by 66.7%. Last quarter, Patriot Financial Group Insurance Agency LLC acquired an additional 4,000 shares of the mining company’s stock, bringing its total holdings to 10,000 shares valued at $36,000.
During the second quarter, Kestra Private Wealth Services LLC purchased a new holding in Kinross Gold worth roughly $38,000.
During the third quarter, Ieq Capital LLC purchased a new holding in Kinross Gold worth roughly $38,000.
55.00% of the Kinross Gold stock is owned by institutional investors and hedge funds.
Kinross Gold Stock Up 0.5%
Friday’s trading volume on the KGC stock increased by $0.02, reaching $4.09. The company traded 23,270,354 shares compared to its average volume of 19,865,641 shares.
The 12-month low for Kinross Gold is $3.00 and the 12-month high is $6.34. The company’s 50-day and 200-day moving averages are $3.93 and $3.73, respectively.
The quick ratio is 1.28, the current ratio is 2.98, and the debt-to-equity ratio is 0.40 for this organization. The company has a $5.14 billion market capitalization, a P/E ratio of -10.49, and a beta of 0.85.
Quarterly Earnings Overview:
Kinross Gold (KGC:NYE) reported its most recent quarterly earnings on November 9th. The mining company’s quarterly earnings per share came in at $0.05, missing the consensus estimate of $0.06 by ($0.01).
Kinross Gold’s return on equity was 4.34%, while its net margin was negative 15.09 percent.
The company generated $856.50 million in revenue during the quarter. For the current fiscal year, experts project that Kinross Gold will earn $0.22 per share.
Kinross Gold Declares a Dividend:
The company recently declared a quarterly dividend, which was paid on December 15th. A $0.03 dividend was distributed to shareholders of record on December 1st.
This corresponds to a yearly dividend of $0.12 and a dividend yield of 2.93 percent. This dividend’s ex-dividend date was Wednesday, November 30. The dividend payout ratio (DPR) for Kinross Gold is -30.77%.
Company Profile:
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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.
