Stifel Canada upgraded shares of Kinross Gold (TSE:K - Free Report) NYSE: KGC to a strong-buy rating in a research report released on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Kinross Gold's FY2025 earnings at $1.11 EPS, FY2026 earnings at $0.93 EPS, FY2027 earnings at $0.75 EPS and FY2028 earnings at $0.27 EPS.
Separately, National Bankshares increased 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. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$17.10.
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Kinross Gold Stock Performance
Shares of TSE:K remained flat at C$17.46 during trading on Wednesday. The stock had a trading volume of 3,112,266 shares, compared to its average volume of 3,595,940. The stock has a market capitalization of C$15.18 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. Kinross Gold has a one year low of C$7.70 and a one year high of C$17.76. The company has a fifty day moving average price of C$16.15 and a two-hundred day moving average price of C$14.49.
Kinross Gold Cuts Dividend
The company 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 annualized dividend and a dividend yield of 0.69%. Kinross Gold's dividend payout ratio (DPR) is 18.84%.
Insiders Place Their Bets
In other news, Director George Vincent Albino purchased 5,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of C$16.07 per share, with a total value of C$80,369.87. Also, Senior Officer Laurence Davies sold 10,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$16.58, for a total value of C$165,800.00. Over the last ninety days, insiders have sold 344,670 shares of company stock worth $5,276,336. Corporate insiders own 0.26% of the company's stock.
Kinross Gold Company Profile
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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.
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