In the meantime, 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 2.56% to $10.00. Over the last five days, the stock has gained 5.26%. Kinross Gold Corp shares have risen nearly 65.29% since the year began. Nevertheless, the stocks have risen 87.97% over the past one year. While a 52-week high of $10.82 was reached on 10/24/24, a 52-week low of $4.75 was recorded on 02/28/24. SMA at 50 days reached $9.85, while 200 days put it at $7.94.
Levels Of Support And Resistance For KGC Stock
The 24-hour chart illustrates a support level at 9.87, which if violated will result in even more drops to 9.73. On the upside, there is a resistance level at 10.07. A further resistance level may holdings at 10.13. The Relative Strength Index (RSI) on the 14-day chart is 51.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.13%. Stochastics %K at 33.23% indicates the stock is a holding.
How much short interest is there in Kinross Gold Corp?
A steep rise in short interest was recorded in Kinross Gold Corp stocks on 2024-10-31, growing by 4.16 million shares to a total of 12.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.64 million shares. There was a rise of 32.51%, which implies that there is a positive sentiment for the stock.
