Buy Runescape 2 Gold

Main Menu

  • Home
  • Gold stock
  • Gold sale
  • Gold finance
  • Gold business
  • Gold price

Buy Runescape 2 Gold

Header Banner

Buy Runescape 2 Gold

  • Home
  • Gold stock
  • Gold sale
  • Gold finance
  • Gold business
  • Gold price
Gold stock
Home›Gold stock›What future for Kinross Gold Stock after value erosion of more than 20%?

What future for Kinross Gold Stock after value erosion of more than 20%?

By Dorothy G. Sears
June 23, 2021
0
0


Kinross Gold Corp signage is displayed on the company’s booth at Prospectors and Developers … [+] Association of Canada Convention (PDAC) in Toronto, Ontario, Canada on Tuesday, March 6, 2012. PDAC’s four-day annual convention connects companies and organizations in the field of mineral exploration. Photographer: Norm Betts / Bloomberg


© 2012 Bloomberg Finance LP

Kinross Gold Corp Shares (NYSE: KGC) has lost 21% of its value in the past month and is currently trading above $ 6 per share. The decline in the title is mainly due to the weakness of gold prices. After rising sharply from $ 1,500 / ounce in January 2020 to over $ 2,000 / ounce in September 2020, gold prices have since remained volatile and have, in fact, fallen significantly. The weakness in the price of gold was due to the gradual lifting of lockdowns, which led to expectations of a faster economic recovery. In addition, the successful deployment of a vaccine led to an overall positive sentiment in the market, in turn affecting the prices of precious metals. The price of gold currently stands at $ 1,764 / ounce, marking a decline of more than 12% from its peak in September 2020. The price of gold has also seen a decline of nearly 6% over the course of the year. month, due to an improving economic scenario and higher interest rate expectations in the coming months. The recent drop in gold prices has negatively impacted Kinross Gold shares as the company derives virtually all of its revenue from the yellow metal. But will KGC stock continue on its downward trajectory over the next few weeks, or is a rally more likely?

According to the Trefis Machine Learning Engine, which identifies trends in a company’s stock price data over the past ten years, KGC stock returns on average nearly 15% then one month (21 trading days) period after experiencing a 21% drop in the previous one-month period (21 trading days). But how would those numbers change if you wanted to hold KGC shares for a longer or shorter period? You can test the answer and many other combinations on the Trefis Machine learning to test the chances of KGC shares rising after a fall and vice versa. You can test the chances of recovery over different time intervals of a quarter, a month, or even a single day!

MACHINE LEARNING MOTOR – try it yourself:

IF The KGC share has moved by -5% over five trading days, SO Over the next 21 trading days, the KGC share moves an average of 3.3%, with a 52% probability of a positive return over this period.

Average yield


Trefis

Some fun scenarios, FAQs and explanation of KGC stock movements:

Question 1: Is the average return on Kinross Gold stock higher after going down?

Reply:

Consider two situations,

Case 1: Kinross Gold shares fall -5% or more in a week

Case 2: Kinross Gold share increases 5% or more in a week

Is the average return on Kinross Gold shares higher in the next month after Case 1 or Case 2?

KGC share fares better after case 1, with an average yield of 3.3% during the following month (21 trading days) in case 1 (where the stock has just suffered a loss of 5% during the previous week), against an average return of 1.6% for case 2.

In comparison, the S&P 500 has an average return of 3.1% over the next 21 trading days in case 1, and an average return of only 0.5% for case 2, as detailed in our dashboard. which details the average return of the S&P 500 after a fall or rise.

Try the Trefis machine learning engine above to see for yourself how the Kinross Gold stock is likely to behave after a specific gain or loss over a period of time.

Question 2: Does patience pay?

Reply:

If you buy and hold shares of Kinross Gold, it is expected that over time short-term fluctuations will cancel each other out and the long-term positive trend will favor you – at least if the company is otherwise solid.

All in all, according to data and calculations from the machine learning engine Trefis, patience absolutely pays for most actions!

For the KGC share, returns over the following N days after a variation of -5% over the last 5 trading days is detailed in the table below, along with the returns of the S & P500:

Average yield


Trefis

Question 3: What about the average return after a rise if you wait a while?

Reply:

The average return after a rise is naturally lower than that after a fall, as detailed in the previous question. Interestingly, however, if a stock has won in the last few days, you’d better avoid short-term bets for most stocks.

KGC’s feedback over the next N days after a 5% variation over the last 5 trading days is detailed in the table below, along with the returns of the S & P500:

Average yield


Trefis

It is powerful enough to test the trend for yourself for the Kinross Gold stock by changing the entries in the charts above.

While KGC stock may have moved, 2020 has created a lot of price discontinuities that may offer some exciting trading opportunities. For example, you will be surprised at how the valuation of stocks for Compass Minerals vs Southwest Gas shows a disconnect with their relative operational growth. You can find a lot of these discontinuous pairs here.

See everything Featured analyzes from Trefis and To download Trefis data here


Related posts:

  1. Centerra Gold shares fall after Kyrgyzaltyn says it will sell its shares
  2. Centerra Gold stock drops after Kyrgyz Republic state-owned company says it will divest its shares
  3. Why this gold stock fell 15.2% in February but is attracting investors in March
  4. Barrick Gold stock rebounds to 10-month low after profit, earnings exceed expectations
Tagsgold priceslong termprecious metalsprice goldshort termyellow metal

Categories

  • Gold business
  • Gold finance
  • Gold price
  • Gold sale
  • Gold stock

Recent Posts

  • Barrick Gold (NASDAQ:GOLD) Share price up 1.6%
  • Ghana: Newmont Ghana completes its first gold sale to Bank of Ghana
  • 1 Cheap Gold Stock To Buy Today
  • Barrick Gold Stock: Mining for Profits with a Resource Industry Legend
  • Didipio Mine completes its first gold sale to BSP

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • February 2019
  • January 2019
  • November 2018
  • September 2018
  • June 2018
  • January 2018
  • October 2017
  • September 2017
  • July 2017
  • April 2017
  • February 2017
  • November 2016
  • October 2016
  • September 2016
  • June 2016
  • April 2016
  • July 2015
  • March 2015
  • February 2015
  • July 2014
  • December 2013
  • November 2013
  • August 2013
  • April 2013
  • February 2013
  • August 2012
  • October 2011
  • September 2011
  • July 2011
  • October 2010
  • February 2009
  • September 2003
  • Privacy Policy
  • Terms and Conditions