Can Kinross Gold Corporation (KGC) Future Potential Be Undermined By Current Price Volatility?
Kinross Gold Corporation (NYSE:KGC) has a beta value of 0.88 and has seen 2.66 million shares traded in the recent trading session. The company, currently valued at $9.99B, closed the recent trade at $7.72 per share which meant it lost -$0.04 on the day or -0.52% during that session. The KGC stock price is -33.55% off its 52-week high price of $10.31 and 23.83% above the 52-week low of $5.88. If we look at the companys 10-day average daily trading volume, we find that it stood at 7.75 million shares traded. The 3-month trading volume is 12.04 million shares. The consensus among analysts is that Kinross Gold Corporation (KGC) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 19 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.14. Kinross Gold Corporation (NYSE:KGC) trade information  Sporting -0.52% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Monday, 06/14/21 when the KGC stock price touched $7.72 or saw a rise of 3.26%. Year-to-date, Kinross Gold Corporation shares have moved 5.72%, while the 5-day performance has seen it change -2.88%. Over the past 30 days, the shares of Kinross Gold Corporation (NYSE:KGC) have changed 3.47%. Short interest in the company has seen 8.81 million shares shorted with days to cover at 0.65. Wall Street analysts have a consensus price target for the stock at $10.92, which means that the shares value could jump 29.3% from the levels at last check today. The projected low price target is $6.50 while the price target rests at a high of $14.88. In that case, then, we find that the latest price level in todays session is -92.75% off the targeted high while a plunge would see the stock lose 15.8% from the levels at last check today. Kinross Gold Corporation (KGC) estimates and forecasts  Figures show that Kinross Gold Corporation shares have underperformed across the wider relevant industry. The companys shares have gained 6.16% over the past 6 months, with this year growth rate of -20.78%, compared to 5.10% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -6.70% and -36.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 2.60%. 3 analysts offering their estimates for the company have set an average revenue estimate of $1.06 billion for the current quarter. 3 have an estimated revenue figure of $1.12 billion for the next quarter concluding in Sep 2021. Year-ago sales stood $1.01 billion and $1.16 billion respectively for this quarter and the next, and analysts expect sales will grow by 5.00% for the current quarter and -3.40% for the next. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 25.70% over the past 5 years. Earnings growth for 2021 is a modest 71.20% while over the next 5 years, the companys earnings are expected to decrease by -7.40%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  KGC Dividends  Kinross Gold Corporation is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. The forward dividend is 0.12 at a share yield of 1.55%. The companys dividend yield has gone up over the past 12 months. Kinross Gold Corporation (NYSE:KGC)s Major holders  Insiders own 0.23% of the company shares, while shares held by institutions stand at 63.94% with a share float percentage of 64.08%. Investors are also buoyed by the number of investors in a company, with Kinross Gold Corporation having a total of 642 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 78.79 million shares worth more than $525.54 million. As of Mar 30, 2021, Van Eck Associates Corporation held 6.25% of shares outstanding. The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 37.73 million shares as of Mar 30, 2021. The firms total holdings are worth over $251.69 million and represent 2.99% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are VanEck Vectors ETF Tr-Gold Miners ETF and Vanguard International Stock Index-Total Intl Stock Indx. As of Apr 29, 2021, the former fund manager holds about 4.88% shares in the company for having 61.56 million shares of worth $433.37 million while later fund manager owns 17.16 million shares of worth $119.78 million as of Jan 30, 2021, which makes it owner of about 1.36% of companys outstanding stock.