Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has earned an average recommendation of "Buy" from the seven research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$17.30.
A number of equities analysts have commented on K shares. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bankshares increased their price target on shares of Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd. Finally, National Bank Financial raised Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st.
Check Out Our Latest Report on K
Kinross Gold Stock Performance
Shares of TSE:K traded up C$0.79 on Monday, reaching C$19.93. The company's stock had a trading volume of 7,328,652 shares, compared to its average volume of 3,754,345. Kinross Gold has a 52-week low of C$8.58 and a 52-week high of C$20.25. The stock has a market capitalization of C$17.33 billion, a P/E ratio of 23.46, a PEG ratio of -0.60 and a beta of 1.24. The stock's 50-day moving average is C$16.90 and its two-hundred day moving average is C$15.07. 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 was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued 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 is presently 18.84%.
Insider Buying and Selling
In other Kinross Gold news, Director Jonathan Paul Rollinson sold 205,318 shares of the company's stock in a transaction on Friday, February 28th. The stock was 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 5,000 shares of Kinross Gold stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$17.97, for a total value of C$89,850.00. Over the last 90 days, insiders have sold 349,670 shares of company stock valued at $5,366,186. Corporate insiders own 0.26% of the company's stock.
About Kinross Gold
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Get Free ReportKinross 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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