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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has earned an average recommendation of “Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$16.70.

Several brokerages have recently issued reports on K. National Bankshares lifted their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus lifted their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st.

Kinross Gold Trading Up 1.4 %

Shares of K stock opened at C$15.33 on Wednesday. The company has a 50-day moving average of C$14.11 and a two-hundred day moving average of C$13.29. The firm 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. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$15.52. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.25 by C$0.08. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. During the same quarter last year, the company earned $0.16 earnings per share. On average, analysts predict that Kinross Gold will post 1.0071259 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, November 28th. Kinross Gold’s payout ratio is currently 29.63%.

Insider Transactions at Kinross Gold

In other news, Director George Nickolas Paspalas acquired 5,000 shares of Kinross Gold stock in a transaction that occurred on Monday, December 16th. The shares were acquired 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 1,300,000 shares of Kinross Gold 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. Insiders sold a total of 1,608,122 shares of company stock valued at $22,536,883 over the last three months. 0.26% of the stock is currently owned by 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.