Kinross Gold Co. (TSE:K) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have been assigned an average recommendation of "Buy" from the five research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$16.70.

A number of brokerages have recently weighed in on K. Eight Capital boosted their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a "buy" rating in a report on Wednesday, September 11th. Canaccord Genuity Group dropped their price target on Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating on the stock in a research note on Friday, September 13th. National Bankshares raised their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their target price on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the stock in a transaction dated 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 Jonathan Paul Rollinson sold 1,300,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total value of C$18,200,000.00. Insiders have sold 1,608,122 shares of company stock valued at $22,536,883 over the last ninety days. Insiders own 0.26% of the company's stock.

Kinross Gold Stock Down 0.7 %

Shares of K traded down C$0.10 during midday trading on Friday, hitting C$13.44. 1,327,993 shares of the company's stock traded hands, compared to its average volume of 3,329,620. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The stock has a market capitalization of C$16.53 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.97. The firm's fifty day moving average is C$13.94 and its 200-day moving average is C$12.71.

Kinross Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a dividend of $0.041 per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a $0.16 annualized dividend and a yield of 1.22%. Kinross Gold's dividend payout ratio (DPR) is currently 29.63%.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.