Kinross Gold (TSE:K) Upgraded by BMO Capital Markets to "Strong-Buy" Rating

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC was upgraded by stock analysts at BMO Capital Markets to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. National Bankshares increased their target price on shares of Kinross Gold from C$22.00 to C$23.00 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, National Bank Financial raised Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$17.30.

Kinross Gold Stock Performance

TSE K traded down C$0.34 on Wednesday, reaching C$20.50. 3,251,664 shares of the company's stock traded hands, compared to its average volume of 3,730,870. The stock has a 50 day moving average price of C$17.24 and a 200-day moving average price of C$15.33. The firm has a market cap of C$17.82 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. Kinross Gold has a fifty-two week low of C$8.69 and a fifty-two week high of C$21.36.

Insider Activity

In related news, Director Jonathan Paul Rollinson sold 205,318 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$15.22, for a total transaction of C$3,124,939.96. Also, Senior Officer Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$15.63, for a total transaction of C$156,300.00. Insiders sold a total of 349,670 shares of company stock valued at $5,366,186 over the last 90 days. Insiders own 0.26% of the company's stock.

Kinross Gold Company Profile

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.