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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given a consensus rating of “Buy” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$16.70.

K has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price objective on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. National Bankshares raised their target price 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.

Kinross Gold Stock Up 1.4 %

K opened at C$15.33 on Wednesday. The company has a market cap of C$18.86 billion, a PE ratio of 28.39, a price-to-earnings-growth 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 has a 1 year low of C$6.46 and a 1 year high of C$15.52. The firm has a 50 day moving average price of C$14.11 and a 200 day moving average price of C$13.29.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its 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 firm posted $0.16 EPS. Sell-side analysts expect that Kinross Gold will post 1.0071259 earnings per share for the current year.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were paid a $0.041 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, November 28th. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

Insiders Place Their Bets

In related news, Director Jonathan Paul Rollinson sold 1,300,000 shares of the company’s stock in a transaction that occurred on 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. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of Kinross Gold 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 have sold 1,608,122 shares of company stock worth $22,536,883 in the last three months. 0.26% of the stock is owned by insiders.

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.