Kinross Gold (TSE:K) Price Target Raised to C$22.00

Kinross Gold (TSE:K) (NYSE:KGC) had its target price boosted by National Bankshares from C$20.00 to C$22.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Stifel Nicolaus boosted their target price on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$17.10.

Kinross Gold Stock Down 6.8 %

TSE:K opened at C$16.21 on Tuesday. The firm has a market capitalization of C$14.09 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a twelve month low of C$6.46 and a twelve month high of C$17.63. The stock’s 50 day moving average price is C$14.89 and its two-hundred day moving average price is C$13.70. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81.

Kinross Gold Cuts Dividend

The company also recently declared 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 annualized dividend and a yield of 0.74%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

Insider Activity at Kinross Gold

In other news, Director Jonathan Paul Rollinson sold 1,300,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total value of C$99,067.02. Insiders sold 1,408,122 shares of company stock worth $19,734,883 in the last ninety days. 0.26% of the stock is owned by company insiders.

About Kinross Gold

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.