Kinross Gold Co. (NYSE:KGC) Receives $11.63 Average Target Price from Analysts

Shares of Kinross Gold Co. (NYSE:KGC) (TSE:K) have earned a consensus recommendation of “Moderate Buy” from the four research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.63.

A number of research analysts have recently issued reports on the stock. CIBC lifted their target price on shares of Kinross Gold from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com cut shares of Kinross Gold from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Creative Planning grew its holdings in Kinross Gold by 12.0% during the 3rd quarter. Creative Planning now owns 71,945 shares of the mining company’s stock worth $673,000 after acquiring an additional 7,689 shares during the period. Blue Trust Inc. grew its holdings in Kinross Gold by 88.5% during the 3rd quarter. Blue Trust Inc. now owns 21,351 shares of the mining company’s stock worth $200,000 after acquiring an additional 10,024 shares during the period. Raymond James & Associates grew its holdings in Kinross Gold by 25.7% during the 3rd quarter. Raymond James & Associates now owns 340,395 shares of the mining company’s stock worth $3,186,000 after acquiring an additional 69,520 shares during the period. Private Advisor Group LLC grew its holdings in Kinross Gold by 8.7% during the 3rd quarter. Private Advisor Group LLC now owns 12,238 shares of the mining company’s stock worth $115,000 after acquiring an additional 981 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Kinross Gold during the 3rd quarter worth $780,000. Institutional investors own 63.69% of the company’s stock.

Kinross Gold Stock Performance

NYSE:KGC opened at $10.72 on Friday. Kinross Gold has a 1 year low of $4.83 and a 1 year high of $12.28. The firm has a 50 day moving average of $10.67 and a 200-day moving average of $10.00. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $13.17 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24.

Kinross Gold (NYSE:KGC) (TSE:K) last posted its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. As a group, sell-side analysts anticipate that Kinross Gold will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 15.58%.

About Kinross Gold

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.