Kinross Gold (TSE:K) Reaches New 1-Year High - Still a Buy?

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$17.14 and last traded at C$17.05, with a volume of 799371 shares. The stock had previously closed at C$16.37.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. National Bankshares raised their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold currently has a consensus rating of "Buy" and a consensus target price of C$16.70.

Kinross Gold Trading Up 0.2 %

The company has a market cap of C$20.97 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company's 50 day moving average price is C$14.50 and its 200 day moving average price is C$13.50. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.25 by C$0.08. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. During the same period in the prior year, the company earned $0.16 EPS. Research analysts anticipate that Kinross Gold Co. will post 1.0071259 EPS for the current year.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$14.22, for a total transaction of C$1,421,710.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total value of C$99,067.02. In the last 90 days, insiders have sold 1,608,122 shares of company stock worth $22,536,883. 0.26% of the stock is currently owned by company insiders.

About Kinross Gold

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.