Kinross Gold Corporation (NYSE:KGC) shares fell to a low of $6.62 before closing at $6.93. Intraday shares traded counted 19.29 million, which was -3.09% lower than its 30-day average trading volume of 18.71M. KGC’s previous close was $6.54 while the outstanding shares total 1.26B. The firm has a beta of 0.83, a 12-month trailing P/E ratio of 6.55, and a growth ratio of 0.19. The stock’s Relative Strength Index (RSI) is 45.96, with weekly volatility at 3.78% and ATR at 0.28. The KGC stock’s 52-week price range has touched low of $2.72 and a $10.31 high. The stock traded higher over the last trading session, gaining 5.96% on 02/22/21.
Investors have identified the Gold company Kinross Gold Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $8.97 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Kinross Gold Corporation (KGC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For KGC, the company has in raw cash 946.6 million on their books with 499.6 million currently as liabilities. How the trend is over time is what investors should be concerned about. In terms of their assets, the company currently has 2.32 billion total, with 1.32 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.00 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on KGC sounds very interesting.
Is the stock of KGC attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 0.24%.