Kinross Gold Co. (TSE:K) Stock Has Consensus Target Price of C$48.17 According to Analysts

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given an average rating of “Buy” by the seven analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$48.17.

K has been the subject of several recent analyst reports. National Bank Financial cut their price target on Kinross Gold from C$42.50 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$41.00 to C$45.00 in a report on Friday, July 31st. BMO Capital Markets lowered their price target on Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Finally, Desjardins dropped their price objective on Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating on the stock in a report on Thursday, September 24th.

Insider Activity

In related news, insider Daniel Fombonne sold 2,003 shares of Kinross Gold stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total value of C$77,075.44. Following the sale, the insider owned 16,155 shares of the company’s stock, valued at approximately C$621,644.40. This trade represents a 11.03% decrease in their position. Also, insider William D. Dunford sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$40.77, for a total transaction of C$1,223,100.00. Following the completion of the sale, the insider directly owned 27,374 shares of the company’s stock, valued at approximately C$1,116,037.98. The trade was a 52.29% decrease in their position. Insiders have sold 33,338 shares of company stock worth $1,351,546 in the last quarter. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Stock Up 3.6%

K opened at C$31.36 on Tuesday. The company has a fifty day moving average of C$35.49 and a two-hundred day moving average of C$39.55. The stock has a market capitalization of C$36.94 billion, a price-to-earnings ratio of 11.88, a PEG ratio of -0.60 and a beta of 2.04. Kinross Gold has a fifty-two week low of C$27.50 and a fifty-two week high of C$53.57. The company has a debt-to-equity ratio of 7.56, a quick ratio of 1.11 and a current ratio of 2.87.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Wednesday, October 28th. The company reported C$0.71 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 37.64% and a return on equity of 34.13%. The business had revenue of C$2.53 billion for the quarter. On average, research analysts expect that Kinross Gold will post 1.01 earnings per share for the current year.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, November 19th. Kinross Gold’s dividend payout ratio is presently 5.87%.

Kinross Gold Company Profile

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).