How to Buy Kinross Gold Stock
Kinross Gold Corp
Kinross Gold is a gold company located in Ontario, Canada, which is part of the Basic Materials sector, and is traded under the ticker KGC on the NYSE exchange.
Kinross Gold stock last closed at $4.85, up 0.62% from the previous day, and has increased 12.27% in one year. It has overperformed other stocks in the Gold industry by 0.12 percentage points. Kinross Gold stock is currently +61.67% from its 52-week low of $3.00, and -12.85% from its 52-week high of $5.57.
As of Jun 9, 2023, there are 1.23B shares of KGC outstanding. The market cap of KGC is $5.95B. In the past 24 hours, 9.35M KGC shares were traded.
How to Buy Kinross Gold Stock
Wondering how to invest in Kinross Gold stock? Here's how.
- Decide where to buy Kinross Gold stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Kinross Gold stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your details.
- Research Kinross Gold stock: The Kinross Gold ticker symbol is KGC. Is Kinross Gold stock a good investment? Should you buy shares of KGC? How do KGC's underlying business fundamentals look? Do top analysts think Kinross Gold is a good buy? Why has KGC's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if KGC is a good stock to buy).
- Place your KGC buy order: Decide if you will purchase KGC shares at the current market price or use a limit order to purchase KGC shares at a given price.
- Get the latest news on your investment in KGC: Create a watchlist to get the latest news on your position in Kinross Gold stock.
Step 1: Decide where to buy Kinross Gold stock
You will need a brokerage account to access the NYSE market and buy KGC shares.
Our favorite brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal info so you can invest in KGC stock today.
How to Start a New Investment Account on eToro
- Click here to get started.
- Enter your personal details to start your new brokerage account.
- Send your information by hitting the "Create Account" button.
Step 3: Fund your investment account
Now that you've finished signing up on one of the best stock market apps, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details depositing money into your new brokerage account.
Step 4: Research Kinross Gold stock
Once you have chosen the best place to buy Kinross Gold stock, it's important to evaluate their stock prior to buying, so you can wrap your head around the risk and opportunity.
Kinross Gold stock data
KGC Overview
WallStreetZen was built to help part-time investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on KGC's stock page.
Is KGC stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge KGC's intrinsic value.
Using relative valuations ratios:
- KGC could be overvalued based on its P/E ratio of 485x, relative to Gold industry P/E ratio of 54.23x
- KGC may be undervalued based on its P/B ratio of 1.01x, relative to Gold industry P/B ratio of 1.71x
- KGC could be undervalued based on its PEG ratio of 0.92x
You can do additional valuation research on KGC's stock here.
KGC Financial Health
Signs that KGC is financially healthy:
- KGC profit margin has gone up from -1.1% to 1.1% in the past year.
- KGC's operating cash flow of $1.29B allows it to safely service it's debt of $2.72B.
- There are more short-term assets than short-term liabilities on the KGC balance sheet.
Signs that KGC is not financially healthy:
- There are more long-term liabilities than short-term assets on the KGC balance sheet.
- KGC has a relatively high debt to equity ratio of 0.77.
- Total KGC debt is higher than 5 years ago, relative to shareholder equity.
- KGC earnings of $229.00M is not enough to cover its interest payments.
Do analysts think it's a good time to buy KGC stock
Out of 3 Wall Street analysts who track KGC, the consensus analyst rating on KGC is a Hold
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest KGC Analyst Ratings
Mike Parkin, a bottom 40% analyst from National Bank Financial Inc maintains KGC with a buy rating and raises their KGC price target from $9.75 to $10.00, on May 17, 2023.
Lawson Winder, a bottom 19% analyst from Bank of America downgrades KGC to a sell rating and announces their KGC price target of $4.70, on Apr 5, 2023.
Matthew Murphy, a top 24% analyst from Barclays downgrades KGC to a hold rating and announces their KGC price target of $5.00, on Jan 30, 2023.
You can dive deeper into what analysts are projecting on the Kinross Gold stock forecast page.
KGC Momentum
Is KGC Growing Revenue?
Last year, KGC earnings were $40.80M. During the last 5 year, KGC's earnings have increased by -50.89% per year. This was slower than the Gold industry average of 37.06%.
Last year, KGC revenue was $3.68B. Over the last 5 year, KGC's revenue has grown by 1.59% per year. This was slower than the Gold industry average of 16.03%.
Learn more about KGC's earnings and revenue performance here.
Are KGC insiders buying or selling the stock?
Over the last year, insiders at KGC have not bought or sold any shares.
Research more about who owns KGC stock here.
Does KGC provide a stable income stream?
Kinross Gold pays a dividend of 2.47%, compared to the Gold industry's average dividend yield of 2.26%. If you owned $1,000 of KGC stock, you would have been paid $24.74 last year.
Kinross Gold dividend payments have not consistently grown over the past decade but have remained stable.
Find more data about Kinross Gold dividend yield and history here.
What do other traders have to say about KGC?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your KGC buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, use a limit order.
Click the Open Trade button and eToro will place your order.
If you want more info about buying stocks on eToro, click the how to video below:
Step 6: Get the latest news on your investment in KGC
Now that you own some KGC stock, you'll want to keep up with your new company.
Create a watchlist to see the latest developments about your KGC stock.
KGC Feed
How to Buy Stock in Kinross Gold
To summarize, here are the 6 steps to buy stock in Kinross Gold:
- Decide where to buy Kinross Gold stock
- Create a brokerage account
- Fund your investment account
- Research Kinross Gold stock
- Place your KGC buy order
- Get the latest news on your investment in KGC
If you are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Kinross Gold, add KGC to your watchlist below.
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