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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$52.42.

Several research firms recently commented on K. BMO Capital Markets boosted their target price on Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday, April 22nd. Stifel Nicolaus boosted their target price on Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price target on the stock in a research report on Friday, May 1st. Royal Bank Of Canada upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, National Bank Financial lowered their price target on 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.

Insider Transactions at Kinross Gold

In other Kinross Gold news, insider Afjal Hashim sold 16,980 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$37.20, for a total transaction of C$631,656.00. Following the sale, the insider owned 28,306 shares in the company, valued at C$1,052,983.20. This trade represents a 37.50% decrease in their ownership of the stock. Also, insider Claude J.S. Schimper sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$41.96, for a total value of C$419,600.00. Following the sale, the insider owned 64,060 shares in the company, valued at C$2,687,957.60. The trade was a 13.50% decrease in their position. Company insiders own 0.26% of the company’s stock.

More Kinross Gold News

Here are the key news stories impacting Kinross Gold this week:

• Positive Sentiment: Zacks Research increased Kinross Gold’s full-year and multi-quarter earnings estimates, pointing to stronger expected profitability over the next several years.
• Positive Sentiment: The firm now sees FY2026 EPS at $3.82 and FY2027 EPS at $3.88, both above prior forecasts, which can improve investor confidence in Kinross Gold’s growth outlook.
• Neutral Sentiment: These updates came from a research note rather than a company announcement, so the impact depends on whether the market agrees with the higher earnings assumptions. Kinross Gold stock page

Kinross Gold Price Performance

Kinross Gold stock opened at C$39.03 on Tuesday. Kinross Gold has a 52 week low of C$18.59 and a 52 week high of C$53.57. The business has a 50-day simple moving average of C$42.90 and a 200 day simple moving average of C$41.95. The company has a quick ratio of 1.11, a current ratio of 2.84 and a debt-to-equity ratio of 8.12. The stock has a market cap of C$46.61 billion, a price-to-earnings ratio of 16.61, a PEG ratio of -0.60 and a beta of 1.47.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Wednesday, April 29th. The company reported C$0.99 EPS for the quarter. Kinross Gold had a return on equity of 34.63% and a net margin of 36.03%.The business had revenue of C$3.35 billion during the quarter. On average, research analysts forecast that Kinross Gold will post 1.0071259 earnings per share for the current fiscal year.

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