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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have earned a consensus rating of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$17.10.

Separately, National Bankshares upped their price target on shares of Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th.

Kinross Gold Trading Down 4.6 %

Kinross Gold stock opened at C$15.62 on Friday. The stock has a market cap of C$13.58 billion, a P/E ratio of 18.39, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a fifty-two week low of C$6.46 and a fifty-two week high of C$17.63. The firm’s fifty day moving average price is C$15.11 and its 200-day moving average price is C$13.87. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61.

Kinross Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.77%. Kinross Gold’s dividend payout ratio is presently 18.84%.

Insider Activity at Kinross Gold

In other news, Director George Vincent Albino bought 5,000 shares of Kinross Gold stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of C$16.07 per share, with a total value of C$80,369.87. Also, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$14.22, for a total value of C$1,421,710.00. 0.26% of the stock is owned by insiders.

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.