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

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have been given a consensus recommendation of "Buy" by the five analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is C$16.70.

Several research analysts have issued reports on the stock. Eight Capital increased their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Stifel Nicolaus increased their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. National Bankshares boosted 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 research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group dropped their target price on Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating on the stock in a research report on Friday, September 13th.

Insiders Place Their Bets

In other news, Director Jonathan Paul Rollinson sold 200,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$14.01, for a total value of C$2,802,000.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total transaction of C$99,067.02. In the last three months, insiders have sold 1,523,785 shares of company stock valued at $21,319,079. Company insiders own 0.26% of the company's stock.

Kinross Gold Trading Up 4.4 %

Shares of TSE:K traded up C$0.59 on Tuesday, hitting C$13.99. 3,505,199 shares of the company's stock were exchanged, compared to its average volume of 3,317,346. The business's 50 day simple moving average is C$13.73 and its two-hundred day simple moving average is C$12.34. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The stock has a market capitalization of C$17.21 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$14.95.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be issued a dividend of $0.041 per share. The ex-dividend date is Thursday, November 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.17%. Kinross Gold's dividend payout ratio (DPR) is presently 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.