Kinross Gold Stock Today

KGC Stock  USD 6.13  0.25  4.25%   

Performance

3 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 1

 
100  
 
Zero
Very Small
Kinross Gold is trading at 6.13 as of the 29th of March 2024, a 4.25 percent increase since the beginning of the trading day. The stock's open price was 5.88. Kinross Gold has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Kinross Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
19th of October 1994
Category
Basic Materials
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. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada. The company has 1.23 B outstanding shares of which 11.9 M shares are now shorted by investors with about 0.98 days to cover. More on Kinross Gold

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Kinross Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Kinross Gold's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Kinross Gold or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOJ Rollinson
Thematic Ideas
(View all Themes)
Business ConcentrationMetals & Mining, Materials, Basic Materials, NYSE Composite, Philadelphia GoldSilver, ARCA Gold BUGS, Stlmt ID PHLX, Compulsion, Precious Metals, Gold and Gold Mining, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering Kinross Gold report their recommendations after researching Kinross Gold's financial statements, talking to executives and customers, or listening in on Kinross Gold's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Kinross Gold. The Kinross consensus assessment is calculated by taking the average forecast from all of the analysts covering Kinross Gold.
Financial Strength
Based on the measurements of operating efficiency obtained from Kinross Gold's historical financial statements, Kinross Gold is performing exceptionally good at the present time. It has a great likelihood to report excellent financial results in April. Financial strength of Kinross Gold is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.40.4116
Fairly Down
Slightly volatile
Total Current Liabilities490.6 M682 M
Way Down
Very volatile
Non Current Liabilities Total1.8 B3.7 B
Way Down
Pretty Stable
Total Assets6.6 B10.5 B
Way Down
Very volatile
Total Current Assets1.4 B1.7 B
Significantly Down
Pretty Stable
Total Cash From Operating Activities1.5 B1.5 B
Sufficiently Up
Slightly volatile
Kinross Gold's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Kinross Gold's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Kinross Gold's financial leverage. It provides some insight into what part of Kinross Gold's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Kinross Gold's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Kinross Gold deploys its capital and how much of that capital is borrowed.
Liquidity
Kinross Gold cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 2.25 B in debt with debt to equity (D/E) ratio of 0.41, which is OK given its current industry classification. Kinross Gold has a current ratio of 2.92, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Kinross Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Kinross Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Kinross Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Kinross to invest in growth at high rates of return. When we think about Kinross Gold's use of debt, we should always consider it together with cash and equity.

Change In Cash

(64.28 Million)
Kinross Gold (KGC) is traded on New York Stock Exchange in USA. It is located in 25 York Street, Toronto, ON, Canada, M5J 2V5 and employs 38 people. Kinross Gold is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 7.53 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Kinross Gold's market, we take the total number of its shares issued and multiply it by Kinross Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Kinross Gold runs under Metals & Mining sector within Materials industry. The entity has 1.23 B outstanding shares of which 11.9 M shares are now shorted by investors with about 0.98 days to cover. Kinross Gold has about 496.5 M in cash with 1.46 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.4.
Check Kinross Gold Probability Of Bankruptcy
Ownership Allocation
Kinross Gold holds a total of 1.23 Billion outstanding shares. Over half of Kinross Gold's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Kinross Gold. Please watch out for any change in the institutional holdings of Kinross Gold as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Kinross Ownership Details

Kinross Stock Price Odds Analysis

What are Kinross Gold's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Kinross Gold jumping above the current price in 90 days from now is roughly 2.97%. The Kinross Gold probability density function shows the probability of Kinross Gold stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.3282. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Kinross Gold will likely underperform. Additionally, kinross Gold has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 6.13HorizonTargetOdds Above 6.13
97.00%90 days
 6.13 
2.97%
Based on a normal probability distribution, the odds of Kinross Gold to move above the current price in 90 days from now is roughly 2.97 (This Kinross Gold probability density function shows the probability of Kinross Stock to fall within a particular range of prices over 90 days) .

Kinross Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Kinross Gold that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Kinross Gold's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Kinross Gold's value.
InstituionRecorded OnShares
Donald Smith & Co Inc2023-12-31
12.6 M
Mackenzie Investments2023-12-31
10.6 M
Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main2023-12-31
10 M
Legal & General Group Plc2023-12-31
10 M
Goldman Sachs Group Inc2023-12-31
9.4 M
Arrowstreet Capital Limited Partnership2023-12-31
9.3 M
American Century Companies Inc2023-12-31
9.3 M
Morgan Stanley - Brokerage Accounts2023-12-31
8.5 M
Amvescap Plc.2023-12-31
7.9 M
Van Eck Associates Corporation2023-12-31
137.9 M
Vanguard Group Inc2023-12-31
44.9 M
View Kinross Gold Diagnostics

Kinross Gold Historical Income Statement

Kinross Gold Income Statement is one of the three primary financial statements used for reporting Kinross's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Kinross Gold revenue and expense. Kinross Gold Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Kinross Gold's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 817.3 M, whereas Interest Expense is forecasted to decline to about 145.9 M. View More Fundamentals

Kinross Stock Against Markets

Picking the right benchmark for Kinross Gold stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Kinross Gold stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Kinross Gold is critical whether you are bullish or bearish towards Kinross Gold at a given time. Please also check how Kinross Gold's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kinross Gold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Kinross Gold Corporate Directors

Kinross Gold corporate directors refer to members of a Kinross Gold board of directors. The board of directors generally takes responsibility for the Kinross Gold's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Kinross Gold's board members must vote for the resolution. The Kinross Gold board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ian AtkinsonIndependent DirectorProfile
Kelly OsborneIndependent DirectorProfile
Elizabeth McGregorIndependent DirectorProfile
Kerry DyteIndependent DirectorProfile

How to buy Kinross Stock?

Before investing in Kinross Gold, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Kinross Gold. To buy Kinross Gold stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Kinross Gold. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Kinross Gold stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Kinross Gold stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Kinross Gold stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Kinross Gold, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Kinross Stock please use our How to Invest in Kinross Gold guide.

Already Invested in Kinross Gold?

The danger of trading Kinross Gold is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Kinross Gold is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Kinross Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kinross Gold is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Kinross Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kinross Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kinross Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kinross Gold Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinross Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.
Note that the Kinross Gold information on this page should be used as a complementary analysis to other Kinross Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Kinross Gold's price analysis, check to measure Kinross Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kinross Gold is operating at the current time. Most of Kinross Gold's value examination focuses on studying past and present price action to predict the probability of Kinross Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kinross Gold's price. Additionally, you may evaluate how the addition of Kinross Gold to your portfolios can decrease your overall portfolio volatility.
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Is Kinross Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kinross Gold. If investors know Kinross will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kinross Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.809
Dividend Share
0.12
Earnings Share
0.34
Revenue Per Share
3.455
Quarterly Revenue Growth
0.037
The market value of Kinross Gold is measured differently than its book value, which is the value of Kinross that is recorded on the company's balance sheet. Investors also form their own opinion of Kinross Gold's value that differs from its market value or its book value, called intrinsic value, which is Kinross Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kinross Gold's market value can be influenced by many factors that don't directly affect Kinross Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kinross Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinross Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinross Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.