Kinross Gold Co. (TSE:K) Given Average Recommendation of “Buy” by Brokerages

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been given an average recommendation of “Buy” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$17.30.

A number of research firms have recently commented on K. National Bankshares increased their target price on Kinross Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 2nd. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$17.97, for a total transaction of C$89,850.00. Also, Senior Officer Laurence Davies sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$16.58, for a total value of C$165,800.00. Insiders have sold a total of 349,670 shares of company stock valued at $5,366,186 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

Kinross Gold Price Performance

Shares of K stock opened at C$19.93 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. The stock has a market cap of C$17.33 billion, a price-to-earnings ratio of 23.46, a PEG ratio of -0.60 and a beta of 1.24. The business’s fifty day moving average is C$16.90 and its 200 day moving average is C$15.08. Kinross Gold has a twelve month low of C$8.58 and a twelve month high of C$20.25.

Kinross Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.60%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

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.