Brokerages Set Kinross Gold Co. (TSE:K) Target Price at C$16.70

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has earned a consensus rating of "Buy" from the five research firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$16.70.

A number of equities analysts have issued reports on K shares. National Bankshares lifted their price objective on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st.

Insider Transactions at Kinross Gold

In related news, 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. Also, Director George Nickolas Paspalas bought 5,000 shares of Kinross Gold stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of C$13.79 per share, for a total transaction of C$68,950.00. Over the last quarter, insiders have sold 1,608,122 shares of company stock valued at $22,536,883. 0.26% of the stock is currently owned by company insiders.

Kinross Gold Stock Up 0.3 %

TSE:K traded up C$0.05 during trading hours on Wednesday, reaching C$15.30. The company had a trading volume of 1,944,819 shares, compared to its average volume of 2,948,642. The business's 50-day simple moving average is C$14.03 and its two-hundred day simple moving average is C$13.20. Kinross Gold has a twelve month low of C$6.46 and a twelve month high of C$15.52. The firm has a market cap of C$18.82 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.33 EPS for the quarter, beating analysts' consensus estimates of C$0.25 by C$0.08. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, equities analysts expect that Kinross Gold will post 1.0071259 earnings per share for the current year.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a $0.041 dividend. This represents a $0.16 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, November 28th. Kinross Gold's dividend payout ratio is presently 29.63%.

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.