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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been assigned an average rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$16.70.

Several equities analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Eight Capital lifted their price target on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. National Bankshares boosted their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group decreased 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 Trading Down 0.7 %

Kinross Gold stock opened at C$13.44 on Friday. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$14.97. The stock has a market cap of C$16.53 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The business has a 50 day moving average price of C$13.94 and a two-hundred day moving average price of C$12.69. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were paid 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 was Thursday, November 28th. Kinross Gold’s dividend payout ratio is presently 29.63%.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Director George Nickolas Paspalas bought 5,000 shares of Kinross Gold stock in a transaction dated Monday, December 16th. The stock was bought at an average price of C$13.79 per share, with a total value of C$68,950.00. Also, Director Jonathan Paul Rollinson sold 200,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. Insiders have sold a total of 1,608,122 shares of company stock valued at $22,536,883 in the last three months. 0.26% of the stock is currently owned by company 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.