Kinross Gold Co. (TSE:K) Given Average Rating of "Buy" by Analysts

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have been assigned a consensus recommendation of "Buy" from the five analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$17.10.

Separately, National Bankshares lifted their price objective on Kinross Gold from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th.

Insider Transactions at Kinross Gold

In other news, Director Jonathan Paul Rollinson sold 205,318 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of C$15.22, for a total value of C$3,124,939.96. Also, Senior Officer Claude J.S. Schimper sold 20,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$15.86, for a total transaction of C$317,156.00. Insiders have sold a total of 334,670 shares of company stock worth $5,110,536 in the last three months. Insiders own 0.26% of the company's stock.

Kinross Gold Stock Performance

Kinross Gold stock opened at C$15.99 on Thursday. The business has a 50 day moving average of C$15.73 and a 200-day moving average of C$14.20. Kinross Gold has a 1 year low of C$7.40 and a 1 year high of C$17.63. The company has a market capitalization of C$13.90 billion, a P/E ratio of 18.82, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

Kinross Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.75%. Kinross Gold's payout ratio is currently 18.84%.

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.

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