Kinross Gold Co. (TSE:K) Receives C$17.10 Consensus Target Price from Analysts

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has been given an average rating of "Buy" by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$17.10.

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

Insider Activity

In related news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$14.22, for a total value of C$1,421,710.00. Also, Director George Nickolas Paspalas purchased 5,000 shares of the firm's stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of C$13.79 per share, with a total value of C$68,950.00. Over the last three months, insiders have sold 1,401,000 shares of company stock worth $19,635,816. Corporate insiders own 0.26% of the company's stock.

Kinross Gold Price Performance

K stock traded up C$0.12 during midday trading on Friday, reaching C$16.15. The stock had a trading volume of 2,093,235 shares, compared to its average volume of 3,242,356. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$17.63. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The company's fifty day simple moving average is C$15.01 and its 200 day simple moving average is C$13.79. The company has a market cap of C$14.04 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.74%. Kinross Gold's dividend payout ratio is presently 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.