Kinross Gold Co. (TSE:K) Receives C$16.70 Average Price Target from Analysts

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have received a consensus recommendation of “Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$16.70.

K has been the topic of several recent analyst reports. Eight Capital upped their target price on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Stifel Nicolaus lifted their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. National Bankshares upped their price target on shares of 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. Finally, Canaccord Genuity Group dropped their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, September 13th.

Kinross Gold Trading Up 1.4 %

TSE K opened at C$13.35 on Friday. Kinross Gold has a 52 week low of C$6.46 and a 52 week high of C$14.97. The company has a 50 day moving average price of C$13.85 and a 200 day moving average price of C$12.75. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The firm has a market cap of C$16.42 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were issued a $0.041 dividend. The ex-dividend date of this dividend was Thursday, November 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.23%. Kinross Gold’s dividend payout ratio (DPR) is presently 29.63%.

Insider Buying and Selling at Kinross Gold

In related news, Director Jonathan Paul Rollinson sold 200,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$14.01, for a total value of C$2,802,000.00. Also, Director George Nickolas Paspalas acquired 5,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of C$13.79 per share, for a total transaction of C$68,950.00. Over the last ninety days, insiders sold 1,608,122 shares of company stock valued at $22,536,883. 0.26% of the stock is owned by company insiders.

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.