Finance

Should You Invest in Kinross Gold Corporation (KGC)? A Look at the Insider Trends

Recent insider trends for Kinross Gold Corporation (NYSE:KGC) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of KGC, the data has a lot to say about how the stock might perform going forward.

Institutions own 52.66% of Kinross Gold Corporation (KGC)’s shares. The total value of these holdings, in millions, is $2,581. Among active positions in the latest quarter, 111 holders increased their positions by a total of 58.18 million shares, 107 holders decreased the positions by a total of 112.6 million shares, and 54 holders held their positions. This works out to a net decrease in ownership of 54.42 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 30 holders initiated new positions by a total of 10.86 million shares and 26 holders exited their positions by a total of 64.15 million shares. This nets out to a decrease of 53.29 million shares and is another bearish sign for KGC.

Insider ownership increased by a total of 0 shares, which suggests that KGC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: and ownership increased by a net of 0 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Kinross Gold Corporation (NYSE:KGC)’s short interest is 6.27 million shares, or 0.50% of the float. This represents a decrease of -17% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that KGC is a buy, which implies that KGC is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Kinross Gold Corporation (NYSE:KGC) is undervalued.

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