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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been assigned an average recommendation of “Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have covered the stock in the last year is C$16.70.

A number of research firms recently issued reports on K. National Bankshares boosted their price objective on 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. Eight Capital boosted their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Canaccord Genuity Group lowered their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Finally, Stifel Nicolaus boosted their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st.

Kinross Gold Stock Performance

TSE:K opened at C$14.13 on Friday. The company has a market capitalization of C$17.38 billion, a P/E ratio of 26.17, a P/E/G ratio of -0.60 and a beta of 1.24. The business has a fifty day simple moving average of C$13.83 and a two-hundred day simple moving average of C$12.80. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.97.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were given a dividend of $0.041 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, November 28th. Kinross Gold’s dividend payout ratio is currently 29.63%.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the company’s stock in a transaction dated 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. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total value of C$18,200,000.00. In the last quarter, insiders have sold 1,608,122 shares of company stock worth $22,536,883. Company insiders own 0.26% of the company’s stock.

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.