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Tuesday, March 21, 2023

Kinross Gold Corporation (KGC): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Kinross Gold Corporation (KGC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.43%, to $4.65. The Kinross Gold Corporation has recorded 57,169 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Kinross announces ownership of shares of Allegiant Gold.


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Stocks Info

This NYSE-listed company operates within the Gold industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $4.63 and fluctuated between $4.7700 as its day high and $4.6300 as its day low. The current market capitalization of Kinross Gold Corporation is $5.90B. A total of 12.47 million shares were traded on the day, compared to an average of 16.45M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, KGC has seen 52 BUY and 12 SELL insider trades, representing the acquisition of 34,683,889 and the disposition of 34,845,844 shares. Over the last 12 months, there were 287 BUYs and 260 SELLs from insiders. Insiders purchased 87,794,732 shares during that period but sold 82,766,758.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Kinross Gold Corporation pays an annual dividend of $0.12, resulting in a dividend yield of 2.59%, and it has a price to earnings (P/E) ratio of 44.10. KGC’s most recent ex-dividend date was 11/30/2022 when it declared a $0.03 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/1/2022 with an ex-dividend date of 8/17/2022. The KGC stock dividend was $0.03 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for KGC in the last 3 months, the mean price target is $5.53 with high estimates of $7.47 and low estimates of $3.75. In terms of 52-week highs and lows, KGC has a high of $6.34 and a low of $3.00.

As of this writing, KGC has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.1 per share and a lower estimate of $0.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KGC is Underweight with a score of 4.33. A total of 9 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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