Kinross Gold Corporation | KGC

Daily Technical Analysis of Kinross Gold Corporation

Kinross Gold is up a bit on the day, funds flowing in kept the price up 1.98% since yesterday. It looks like KGC may be interacting with a slightly angled resistance line. This area could represent a pivot point. Kinross Gold has been drifting up over the last few months, we'll see if it has the energy to break through or if buyers decide to take profit.

If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price does in fact bounce off here, it might find nearest support down at the $10.43 level, hard to say where it will go from there though.

Analyst Ratings for Kinross Gold By Price Target And Rating

The analysts are pretty neutral on Kinross Gold right now, so not much useful information here. The current Analysts Sentiment Score is 0.43. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Jefferies Financial Group initiated a rating of Hold on 2024-02-29 and they lowered their price target by -9.09% to $5.00 from a previous target of $5.50. CIBC decided to move up their price target on 2024-02-07 to $8.15 which is a 16.43% increase. On 2024-01-03 there was confirmation of the previous rating by National Bank Financial which was Outperform Overweight. Raymond James announced a lowering of their price target to $5.50 from $6.00 on 2023-11-28. TD Securities gave a boost to their price target and moved to $7.00 from $6.50 on 2023-11-13. Desjardins initiated a rating of Buy on 2023-09-11. CSFB gave a boost to their price target and moved to $5.50 from $5.25 on 2023-08-17. Scotiabank boosted their price targ by 4% to $6.50 on 2023-08-04.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Kinross Gold

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Kinross Gold

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.