Analyst Target Update & Review on Kinross Gold Corporation (NYSE:KGC)

Sell-side research analysts give opinions on future stock movement for Kinross Gold Corporation (NYSE:KGC). These opinions are based on extensive research and deep knowledge of the company. Analysts taken into consideration by Thomson Reuters have created a consensus target price of $4.98 on the stock.After a look at recent stock performance, shares have traded $0.09 off of the 50-day moving average of $4.09 and $0.30 off of the 200-day moving average of $3.88 . Shares have been recorded at -20.68% separated from the 52-week high of 5.27 and +45.14% away from the 52-week low of 2.88. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

Street analysts have the ability to employ multiple metrics to help calculate target price estimates. A common metric is a company’s P/E Ratio. This calculation is derived by dividing the current share price by the projected earnings per share. Kinross Gold Corporation presently has a P/E Ratio of 99.52. Investors may also monitor a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. A PEG Ratio under one may indicate that the company is undervalued. If a company has a PEG Ratio above one, it may represent that the company is overvalued. A PEG Ratio near one might be seen as fair value. The company has a current PEG Ratio of -1.02 .

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