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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has earned an average rating of “Buy” from the five analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is C$16.70.

A number of analysts recently weighed in on K shares. Stifel Nicolaus increased their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. National Bankshares increased their price objective on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd.

Insider Buying and Selling at Kinross Gold

In other news, Director Jonathan Paul Rollinson sold 200,000 shares of Kinross Gold stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. Also, Director George Nickolas Paspalas acquired 5,000 shares of the stock in a transaction dated 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. Insiders sold a total of 1,608,122 shares of company stock worth $22,536,883 over the last three months. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Stock Up 1.0 %

K opened at C$15.25 on Wednesday. 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 has a 52 week low of C$6.46 and a 52 week high of C$15.52. The firm has a 50-day simple moving average of C$13.98 and a two-hundred day simple moving average of C$13.19. The company has a market capitalization of C$18.76 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.33 EPS for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.08. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. During the same period in the prior year, the business posted $0.16 earnings per share. Analysts forecast that Kinross Gold will post 1.0071259 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a $0.041 dividend. The ex-dividend date of this dividend was Thursday, November 28th. This represents a $0.16 annualized dividend and a yield of 1.08%. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

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.