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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$51.70.

A number of research analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. BMO Capital Markets lifted their price target on shares of Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday. Royal Bank Of Canada raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, National Bank Financial reduced their price target on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating on the stock in a research report on Friday, April 17th.

Kinross Gold Stock Performance

TSE:K opened at C$43.94 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.35 and a debt-to-equity ratio of 9.08. The company has a market cap of C$52.62 billion, a P/E ratio of 22.53, a P/E/G ratio of -0.60 and a beta of 1.48. Kinross Gold has a fifty-two week low of C$18.53 and a fifty-two week high of C$53.57. The firm’s 50 day moving average is C$44.50 and its two-hundred day moving average is C$41.20.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Wednesday, February 18th. The company reported C$0.92 earnings per share (EPS) for the quarter. The business had revenue of C$2.68 billion during the quarter. Kinross Gold had a return on equity of 30.66% and a net margin of 33.95%. Analysts expect that Kinross Gold will post 1.0071259 EPS for the current year.

Insiders Place Their Bets

In other Kinross Gold news, insider Afjal Hashim sold 16,980 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$37.20, for a total value of C$631,656.00. Following the completion of the transaction, the insider owned 28,306 shares in the company, valued at C$1,052,983.20. This represents a 37.50% decrease in their position. 0.26% of the stock is currently owned by company insiders.

About Kinross Gold

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.