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Should You Buy Kinross Gold Corporation (KGC) Stock Wednesday?

Wednesday, March 27, 2024 12:59 PM | InvestorsObserver Analysts

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Should You Buy Kinross Gold Corporation (KGC) Stock Wednesday?

InvestorsObserver gives Kinross Gold Corporation (KGC) a strong valuation score of 88 from its analysis. The proprietary scoring system considers the underlying health of a company by analyzing its stock price, earnings, and growth rate. KGC currently holds a better value than 88% of stocks based on these metrics. Long term investors focused on buying-and-holding should find the valuation ranking system most relevant when making investment decisions.

Valuation Rank - 88
KGC gets a 88 Valuation Rank today. Find out what this means to you and get the rest of the rankings on KGC!

Metrics Analysis

KGC has a trailing twelve month Price to Earnings (PE) ratio of 16.77 which places it around the histroical average of roughly 15. KGC is currently trading at a average value due to investors paying around what the stock is worth in relation to its earnings. KGC's trailing-12-month earnings per share (EPS) of 0.34 does justify its share price in the market. Trailing PE ratios do not factor in the company's projected growth rate, thus, some firms will have high PE ratios caused by high growth recruiting more investors even if the underlying company has produced low earnings so far.
KGC has a 12 month forward PE to Growth (PEG) ratio of 1.18. Markets are overvaluing KGC in relation to its projected growth as its PEG ratio is currently above the fair market value of 1. 0.34's PEG comes from its forward price to earnings ratio being divided by its growth rate. PEG ratios are one of the most used valuation metrics due to its incorporation of more company fundamentals metrics and a focus on the firm's future rather than its past.

Summary

KGC' has a adequate valuation at its current share price on account of a fairly valued PEG ratio despite strong growth. KGC's PE and PEG are around the market average leading to a average valuation score. Click Here to get the full Report on Kinross Gold Corporation (KGC) stock.

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