Kinross Gold stock: buy or sell

KGC stock price: $7.05 0.14% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

1

Kinross Gold stock brief

  • Kinross Gold closed on Tuesday at $7.05 after only changing a 0.14%.

Should I buy Kinross Gold stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $KGC stock a buy?

Currently, Kinross Gold stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $KGC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Kinross Gold stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making impetuous decisions based on our personal emotions or the noise surrounding the market. When selling, as well as buying, our setups are very easy to use but are only applicable for selling stocks you already own, not for shorting $KGC stock

As a golden rule, you must never hold a trade that shows a higher than expected losses by the time of the buy. When to sell your stock always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Kinross Gold stock?

Currently, Kinross Gold stock doesn't match any of our preferred sell setups, so if you hold Kinross Gold stock and your operation is in profit probably is not time to sell now

Kinross Gold ratings

In the last month, 3 ratings were published for Kinross Gold. General sentiment is bullish, with 2 out of 3 posting positive forecasts

Kinross Gold analysts' ratings - Last 30 days
Brokerage firmRating
Jan 6th, 2021
Barclays
Jan 11th, 2021
National Bank Financial Buy
Jan 15th, 2021
Raymond James Buy

Kinross Gold stock analysis

SMAs overview

KGC stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $7.10 (0.71% above)
  • R2: $7.19 (1.99% above)
  • R3: $7.27 (3.12% above)
  • The current supports are:

  • S1: $6.93 (-1.70% below)
  • S2: $6.92 (-1.84% below)
  • S3: $6.88 (-2.41% below)
  • Bollinger bands

    KGC stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without signaling moments of overbought and oversold, the indicator becomes of little use, and we find ourselves in such a case.

    KGC stock RSI chart

    Kinross Gold stock price history

    Kinross Gold IPO was on Mar 20th, 1981 priced at $0.00 per share1. Since then, KGC stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Kinross Gold stock at that time, it would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    KGC stock price history chart

    Price target for Kinross Gold stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions publish their price target based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and many times. Again, these forecasts are not direct recommendations for individual traders and must not be trusted blindly.

    There are 2 price predictions issued for Kinross Gold that average $11.00. Kinross Gold closed at $7.05 on Tuesday, so the target price is forecasting a growth by 56.03%.

    Kinross Gold stock price predictions
    Brokerage firmPrice target
    Jan 6th, 2021
    Barclays $9.00
    Jan 11th, 2021
    National Bank Financial Not available
    Jan 15th, 2021
    Raymond James $14.00$13.00

    Earnings and financials

    Kinross Gold Corporation ($KGC) reported quarterly earnings of $0.25 per share last November, strongly beating the analysts consensus estimate of $0.21 per share. This quarterly report means an earnings surprise of 19.05%. On the contrary, the company reported turnover for Q3 was $1.1 billion in line with the market estimates.

    For comparison, the EPS for the same quarter last year was $0.08, so current EPS means a gain of 212.50%. Sales skyrocketed a 28.98% on an annualized basis in the , from $8.8B to $11.3B last quarter.

    Kinross Gold ($KGC) is hosting the earnings call next Wednesday.

    Kinross Gold performance

    KGC performance compared
    Company1m3m6m
    Kinross Gold ($KGC) -4.20% -17.10% -16.90%

    Disclaimer:
    The opinions written in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the particular conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for educative reasons only

    Kinross Gold summary

    Tuesday, January 26th, 2021
    Open$7.02
    Close$7.05
    Day range$6.99 - $7.17
    Previous close$7.04
    Session gain0.14%
    Average true range$0.34
    50d mov avg$7.38
    100d mov avg$8.05
    200d mov avg$7.73
    Earnings dateFebruary 10th, 2021

    Frequently asked questions

    What is Kinross Gold stock symbol?

    Kinross Gold Corporation is a public company trading in the US stock market with the KGC symbol

    Is Kinross Gold stock a buy or sell?

    Kinross Gold received 3 ratings in the last 30 days: 2 bullish, 0 bearish and 0 neutral.

    Will KGC go up?

    Kinross Gold had different price predictions published by analysts in the last 4 weeks forecasting the target price to $11.00. That is a 56.03% than the last price ($7.05).