Taking this into account, A number of analysts have revised their coverage, including Desjardins’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. BofA Securities also remained covering KGC and has decreased its forecast on April 05, 2023 with a “an Underperform” recommendation from previously “Buy” rating. Barclays revised its rating on January 30, 2023. It rated KGC as “an Equal weight” which previously was an “an Overweight”.
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Price Performance Review of KGC
On Tuesday, Kinross Gold Corp. [NYSE:KGC] saw its stock jump 1.52% to $10.70. Over the last five days, the stock has gained 7.75%. Kinross Gold Corp. shares have risen nearly 76.86% since the year began. Nevertheless, the stocks have risen 100.37% over the past one year. While a 52-week high of $10.82 was reached on 10/21/24, a 52-week low of $4.75 was recorded on 02/28/24. SMA at 50 days reached $9.41, while 200 days put it at $7.48.
Levels Of Support And Resistance For KGC Stock
The 24-hour chart illustrates a support level at 10.61, which if violated will result in even more drops to 10.51. On the upside, there is a resistance level at 10.77. A further resistance level may holdings at 10.83. The Relative Strength Index (RSI) on the 14-day chart is 71.95, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.48%. Stochastics %K at 90.99% indicates the stock is a selling.
How much short interest is there in Kinross Gold Corp.?
A steep rise in short interest was recorded in Kinross Gold Corp. stocks on 2024-09-30, dropping by -5.88 million shares to a total of 8.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 14.52 million shares. There was a decline of -68.11%, which implies that there is a negative sentiment for the stock.
