Kinross Gold Co. (TSE:K) Receives C$9.88 Consensus Target Price from Analysts

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been given a consensus rating of “Buy” by the five ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$10.70.

Several research firms recently commented on K. Canaccord Genuity Group increased their target price on shares of Kinross Gold from C$11.00 to C$12.50 in a report on Tuesday. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Stifel Nicolaus increased their target price on shares of Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Eight Capital increased their target price on shares of Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Monday.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Nathan M. Longenecker sold 29,312 shares of Kinross Gold stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total value of C$144,508.16. In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 62,479 shares of Kinross Gold stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total value of C$418,609.30. Following the completion of the transaction, the insider now directly owns 3 shares of the company’s stock, valued at C$20.10. Also, Senior Officer Nathan M. Longenecker sold 29,312 shares of Kinross Gold stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total transaction of C$144,508.16. Over the last ninety days, insiders sold 143,621 shares of company stock valued at $893,873. Insiders own 0.26% of the company’s stock.

Kinross Gold Stock Performance

Shares of K stock opened at C$9.04 on Monday. The stock has a market capitalization of C$11.12 billion, a P/E ratio of 19.65, a PEG ratio of -0.60 and a beta of 1.21. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54. The firm’s 50 day moving average is C$7.83 and its 200 day moving average is C$7.63. Kinross Gold has a 12 month low of C$5.91 and a 12 month high of C$9.37.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.03. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. The business had revenue of C$1.52 billion for the quarter, compared to analysts’ expectations of C$1.24 billion. On average, sell-side analysts anticipate that Kinross Gold will post 0.4605193 earnings per share for the current year.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 1.77%. Kinross Gold’s dividend payout ratio (DPR) is currently 34.78%.

Kinross Gold Company Profile

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.