Kinross Gold Co. (TSE:K) Given Consensus Recommendation of “Buy” by Brokerages

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received an average rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$17.10.

Several research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares boosted their price target on Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th.

Insiders Place Their Bets

In other news, Director George Nickolas Paspalas purchased 5,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of C$13.79 per share, with a total value of C$68,950.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total transaction of C$99,067.02. Insiders sold a total of 1,408,122 shares of company stock worth $19,734,883 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Price Performance

TSE:K opened at C$15.99 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The company has a market capitalization of C$13.90 billion, a P/E ratio of 18.82, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$17.63. The business’s 50-day moving average is C$14.93 and its 200 day moving average is C$13.73.

Kinross Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.75%. Kinross Gold’s payout ratio is 18.84%.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.