Kinross Gold Co. (TSE:K) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have received a consensus rating of “Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is C$16.70.

Several equities research analysts have weighed in on the company. Stifel Nicolaus increased their price target on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Eight Capital raised their target price on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. National Bankshares boosted their price target on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group lowered their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th.

Kinross Gold Stock Down 2.3 %

Kinross Gold stock opened at C$13.40 on Tuesday. Kinross Gold has a fifty-two week low of C$6.46 and a fifty-two week high of C$14.95. The company has a market cap of C$16.48 billion, a PE ratio of 24.81, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The business’s 50-day simple moving average is C$13.73 and its two-hundred day simple moving average is C$12.33.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be issued a dividend of $0.041 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 28th. Kinross Gold’s payout ratio is 29.63%.

Insider Buying and Selling

In other news, Senior Officer David C. Shaver sold 4,663 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. Over the last three months, insiders have sold 1,523,785 shares of company stock worth $21,319,079. 0.26% of the stock is owned by insiders.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.