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

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has been assigned a consensus recommendation of "Buy" from the five ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have covered the stock in the last year is C$16.70.

Several analysts have issued reports on the company. 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. National Bankshares boosted their target price 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. Eight Capital increased their price target on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Finally, Stifel Nicolaus lifted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st.

Kinross Gold Trading Down 1.9 %

K stock traded down C$0.28 during trading on Friday, hitting C$14.55. The company had a trading volume of 2,595,797 shares, compared to its average volume of 3,307,467. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The firm has a market capitalization of C$17.90 billion, a P/E ratio of 26.94, a PEG ratio of -0.60 and a beta of 1.24. The company has a 50 day simple moving average of C$13.23 and a 200-day simple moving average of C$11.81. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$14.95.

Kinross Gold Dividend Announcement

The business 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. This represents a $0.16 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, November 28th. Kinross Gold's dividend payout ratio (DPR) is 29.63%.

Insiders Place Their Bets

In related news, Senior Officer Laurence Davies sold 12,000 shares of the firm's stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total transaction of C$156,600.00. In other Kinross Gold news, Senior Officer Laurence Davies sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$13.05, for a total value of C$156,600.00. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In the last 90 days, insiders have sold 21,163 shares of company stock worth $273,407. Corporate insiders own 0.26% of the company's stock.

About Kinross Gold

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.