The latest KGC stock price forecast points to a range-bound movement between $5.60 and $6.15 over the next month, driven by gold futures volatility and changes in Federal Reserve rate projections. The company’s financial health also appears favorable to investors, as it reduced its net debt by $1.8 billion over the last 18 months. As a result, its net debt to EBITDA fell from 1.7x to 0.5x times as of Q3 2024. In addition to improving its leverage, the company was successfully able to pay $36.9 million in dividends during the quarter. The company also declared a quarterly dividend of $0.03 per share, which was paid in December 2024. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). Market sentiment around the KGC stock price forecast improved following favorable Canadian mining regulations, bolstering potential foreign investment interest.
