Kinross Gold Corp Stock Today
| K Stock | CAD 8.84 0.06 0.68% |
Performance12 of 100
| Odds Of DistressLess than 1
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Kinross Gold is selling at 8.84 as of the 16th of April 2024; that is 0.68 percent up since the beginning of the trading day. The stock's open price was 8.78. Kinross Gold has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Kinross Gold Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. The company was founded in 1993 and is headquartered in Toronto, Canada. The company has 1.23 B outstanding shares of which 8.21 M shares are now shorted by private and institutional investors with about 1.92 trading days to cover. More on Kinross Gold Corp
Moving together with Kinross Stock
| 0.87 | MNT | Royal Canadian Mint | PairCorr |
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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.
| CEO | J Rollinson | ||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | ||||
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.
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Kinross Gold Corp (K) is traded on Toronto Exchange in Canada and employs 43 people. Kinross Gold is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 10.86 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 Corp conducts business under Metals & Mining sector and is part of Materials industry. The entity has 1.23 B outstanding shares of which 8.21 M shares are now shorted by private and institutional investors with about 1.92 trading days to cover.
Kinross Gold Corp currently holds about 1000 M in cash with 1.67 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.8.
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Ownership AllocationKinross Gold Corp 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 Corp. Please watch out for any change in the institutional holdings of Kinross Gold Corp 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.
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Kinross Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Kinross Gold jumping above the current price in 90 days from now is roughly 2.04%. The Kinross Gold Corp probability density function shows the probability of Kinross Gold stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.3991. 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 Corp has an alpha of 0.1882, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Kinross Gold to move above the current price in 90 days from now is roughly 2.04 (This Kinross Gold Corp probability density function shows the probability of Kinross Stock to fall within a particular range of prices over 90 days) .
Kinross Gold Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Kinross Gold market risk premium is the additional return an investor will receive from holding Kinross Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Kinross Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Kinross Gold's alpha and beta are two of the key measurements used to evaluate Kinross Gold's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.72 | |||
| Semi Deviation | 1.63 | |||
| Standard Deviation | 2.15 | |||
| Variance | 4.62 |
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 Corp at a given time. Please also check how Kinross Gold's historical prices are related to one of the top price index indicators.
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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.Did you try this?
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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 Atkinson | Independent Director | Profile | |
| Kelly Osborne | Independent Director | Profile | |
| Kerry Dyte | Independent Director | Profile | |
| John Carrington | Independent Director | Profile |
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 Corp 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 Corp 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 Corp, 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.
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The danger of trading Kinross Gold Corp 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 Corp 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinross Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Kinross Stock, please use our How to Invest in Kinross Gold guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Kinross Stock analysis
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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