KGC - Kinross Gold Corporation
Chart Events
Price Crosses Moving Average
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 4.86 |
| Open | 5.04 |
| Bid | 0.00 x 3100 |
| Ask | 5.15 x 29200 |
| Day's Range | 4.84 - 5.14 |
| 52 Week Range | 2.72 - 6.27 |
| Volume | 22,616,303 |
| Avg. Volume | 20,967,019 |
| Market Cap | 6.429B |
| Beta (5Y Monthly) | 0.73 |
| PE Ratio (TTM) | 8.93 |
| EPS (TTM) | 0.57 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Mar 18, 2013 |
| 1y Target Est | 5.92 |
Fair Value
Related Research
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Kinross (KGC) Maintains Strong Liquidity Amid Coronavirus Crisis
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- GlobeNewswire
Kinross to announce Q1 results on May 5, 2020
Company to hold virtual Annual and Special Meeting of Shareholders Meeting materials are now available TORONTO, April 02, 2020 -- Kinross Gold Corporation (TSX:K; NYSE:KGC).
- GlobeNewswire
Kinross provides global update on COVID-19 response planning and financial position
Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross” or the “Company”) continues to implement comprehensive and proactive measures to respond to the COVID-19 pandemic. While the Company cannot predict the future impact of the pandemic on its global operations, all Kinross mines continue to operate and have not been materially impacted to date (see Appendix A). The Company has taken preventative actions and put contingency plans in place at all sites that prioritize and protect the health and safety of employees, their families and host communities.
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Is Kinross Gold Corporation (KGC) A Good Stock To Buy?
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- Reuters
Two workers that sparked Kinross Russia gold mine lockdown test negative
Two workers that sparked the lockdown of a gold mine in Russia's Far East involving almost 900 workers have tested negative for the new coronavirus, local authorities said. The two employees had been hospitalised with suspected coronavirus infections in the biggest mining lockdown since the outbreak of the disease. There were 199 confirmed cases of coronavirus in Russia as of March 19, official data showed.
- Reuters
From using drones to stockpiling cyanide, miners keep digging amid pandemic
MOSCOW/LONDON/MELBOURNE, March 18 (Reuters) - From using drones for field inspections to stockpiling cyanide, miners are scrambling to maintain output amid the coronavirus pandemic, a task made trickier in underground mines where social distancing is nearly impossible. While miners have faced some outages, due to government shutdowns in places like Peru and Mongolia, most production continues. In a defensive step, miners have begun stockpiling fuel, hydrofluoric acid, lime and other industry staples, including cyanide, which is used to extract gold from rock.
- Reuters
Canada's Kinross gold mine in Russia on lockdown after coronavirus suspected
Canada's Kinross Gold Corp has isolated its Kupol mine in Russia's Far East after two workers were hospitalized with suspected coronavirus infections in the biggest mining lockdown since the outbreak of the disease in December last year. Air links to the remote mine, located in the Chukotka region, 400 km (248.55 miles) northwest of the city of Anadyr, have been suspended and its winter road route, a snow and ice overland connection, has been closed off. Both workers are currently hospitalized in Anadyr, awaiting the results of their coronavirus tests.
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Is Kinross Gold (KGC) Stock Undervalued Right Now?
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Kinross (KGC): Strong Industry, Solid Earnings Estimate Revisions
Kinross (KGC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well
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Kinross Gold (KGC) Down 20.8% Since Last Earnings Report: Can It Rebound?
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Coronavirus-Driven Gold Prices & Weak Oil: Win-Win for Miners
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- GlobeNewswire
Kinross provides statement on COVID-19
Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) was informed on March 10, 2020 that an employee from its Toronto office tested positive for the COVID-19 virus. Kinross values the health and safety of its employees above all other priorities, and as a precaution, closed the Toronto office today for a thorough cleaning and disinfection. Kinross has asked its employees to work from home until at least March 20th when the need for the closure will be re-evaluated.
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Plunging Oil Prices, Coronavirus Fears Lift Gold Beyond $1,700
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Kinross files new Paracatu technical report
Kinross Gold Corporation (TSX:K; NYSE: KGC) (“Kinross”) today filed a new technical report for its Paracatu operation in Brazil. Paracatu is a cornerstone, long-life operation in Kinross’ portfolio that is expected to produce an average of approximately 540 Au koz. Total production over the remaining mine life is expected to increase approximately 24% compared with the prior technical report that was published in 2014.
- InvestorPlace
With Gold Price on the Rise, is March the Month for Kinross Gold Stock?
Over the past year, shares of the Canadian-based gold miner Kinross Gold (NYSE:KGC) are up over 70%. Gold has recently hit a high for 2020 and the gold spot price is up over 10% year-to-date, hovering around $1,683 per ounce. And KGC stock has been one of the prime beneficiaries of the run up in gold price as well improved conditions across the industry.Source: Shutterstock All asset classes have their advantages and disadvantages. So far in 2020, gold is proving to be one of the best investment instruments. But gold prices can be volatile, so I wouldn't necessarily load up the truck. Indeed many analysts recommend a 5% to 10% allocation of a personal investment portfolio to gold as an insurance policy. There are different ways to participate in the volatility or increase in the price of gold. One way is to invest in gold mining companies like Kinross Gold. Let's take a closer look. Gold as an Asset ClassGold has fascinated humans since the dawn of time. Today, most gold produced is used for jewelry or investing purposes.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere are different reasons behind this year's rally in gold, including the worries about the recent coronavirus outbreak, choppiness in the oil market, talk of a global recession, and rather volatile global equities.This shiny metal's price tends to shoot up in turbulent times as investors turn to traditional safe havens like gold. Between 2007 and 2011, mainly during the global financial crisis, the price of gold went from $700 per ounce to an all-time record of $1,900 in September 2011. * 10 Stocks to Buy for Your 10-Year-Old The current rally in the price started in June 2019 when gold traded around $1,300 per ounce. It looks like the move up is finding support due to the current volatile backdrop. Could gold once again hit $1,900 in 2020?You may be familiar with arguments about gold being a hedge against inflation and a store of wealth. In general, gold has also had a negative correlation to stocks.Analysts are also discussing the near-term possibility that U.S. dollar interest rates may go to zero and that pressure may be put on the Fed to introduce negative rates. If U.S. dollar deposits see negative rates, smart money is likely to move not into other currencies, but possibly into commodities, including precious metals such as gold. KGC Stock Offers Gold AlternativeMany investors regard gold miners as a proxy for gold. And in recent months, many gold miners have indeed seen their share prices pop as the global gold price has surged.Moody's Investor Service on March 2 upgraded Kinross Gold's credit rating to investment grade as its cash cost was "in line with investment grade peers, steady production and conservative financial policies."The upgrade follows the company's most recent earnings. On Feb. 13, management released fourth quarter and year-end 2019 results which most investors approved of. Management has either met or exceeded guidance targets for production, costs and capital expenditures for the past eight years.The miner posted a profit of $521.5 million or 41 cents per share in Q4. A year ago, the numbers were a loss of $27.7 million or 2 cents a share.During 2019, the group generated robust free cash flow. In Q4, it increased liquidity position to over $2 billion. InvestorPlace contributor and Louis Navellier recently provided a detailed analysis of the company, with a focus on its strong cash balance.Management expects to further reduce capital expenditures by approximately $100 million in 2021 compared to 2020 guidance.If gold remains at its current price or moves higher, miners, like KGC, will likely report better margins and rising free cash flow, potentially boosting their stock prices even further.On a final note, when a company owns a mine, it also owns all of the gold stored within it. Kinross Gold currently has mines and projects in the U.S., Brazil, Russia, Mauritania, Chile and Ghana.However, I'd like to remind readers that there may be geopolitical risks regarding the country where the mine is located. In other words, miners' share prices tend to be rather choppy. Investor TakeawayWe cannot know the future with certainty. However, for a good number of people gold is an important asset for defensive diversification. If you also think that the recent strength is the start of a new rally in the precious metal, then gold mining companies like Kinross Gold will likely continue to have a bright 2020. * 7 Ideal Stocks to Buy for Cautious Investors If you are an investor who also follows short-term technical charts, you may be interested to know that prices of both spot gold as well as KGS stock are at overbought levels. On Feb. 24, Kinross Gold shares reached a 52-week high of $6.27. They are currently hovering around $5.70. Although the rally could still continue in March, a pullback is looking more likely in the coming days.However such a drop in price may provide a better entry point for long-term investors who would like to buy into KGC shares. Yet passive income investors should note that most gold miners either do not pay any dividends or are low-dividend payers. KGC stock does not pay a dividend.If you would like to invest in gold miners, but would like to diversify across the industry, then there are also investment funds or exchange-traded funds (ETFs) that invest in gold miners or synthetically holds gold bullion. Examples of such funds would be the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) or the SPDR Gold Shares (NYSEARCA:GLD).As of this writing, the author did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Stocks to Buy in March for a Coronavirus Rebound * 5 Big Reasons Stocks Will Rebound From the Coronavirus Selloff * 4 Large-Cap Stocks Still in Trouble The post With Gold Price on the Rise, is March the Month for Kinross Gold Stock? appeared first on InvestorPlace.
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