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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been given a consensus recommendation of “Buy” by the five research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$14.60.

Several equities analysts have commented on the company. National Bankshares increased their price target on Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Canaccord Genuity Group dropped their target price on shares of 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. Finally, Eight Capital boosted their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th.

Kinross Gold Trading Down 1.7 %

TSE:K opened at C$12.55 on Thursday. The stock’s 50 day moving average price is C$12.16 and its 200 day moving average price is C$10.36. Kinross Gold has a 52 week low of C$5.91 and a 52 week high of C$13.70. The company has a market capitalization of C$15.44 billion, a P/E ratio of 23.24, a P/E/G 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.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. The firm had revenue of C$1.67 billion for the quarter, compared to the consensus estimate of C$1.39 billion. On average, research analysts forecast that Kinross Gold will post 0.9896296 EPS for the current fiscal year.

Kinross Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were paid a $0.041 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 22nd. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s payout ratio is currently 29.63%.

Insider Activity

In related news, Senior Officer William D. Dunford sold 6,076 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total transaction of C$65,377.76. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer William D. Dunford sold 6,076 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total value of C$65,377.76. 0.27% of the stock is owned by corporate insiders.

Kinross Gold Company Profile

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.