Kinross Gold (K) Stock Price, News & Analysis

Company Overview

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. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$12.95 to C$13.30
• 50-Day Range: C$11.30 to C$14.90
• 52-Week Range: C$6.46 to C$14.95
• Volume: 2.97 million shs
• Average Volume: 3.32 million shs
• Market Capitalization: C$16.04 billion
• P/E Ratio: 24.15
• Dividend Yield: 1.23%
• Price Target: C$16.70
• Consensus Rating: Buy

Kinross Gold Stock Analysis - MarketRank™

Kinross Gold scored higher than 75% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Kinross Gold has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Kinross Gold has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Kinross Gold is 24.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kinross Gold is 24.15, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 99.69.

Price to Earnings Growth Ratio

Due to a projected decrease in earnings for Kinross Gold, their PEG ratio cannot be calculated.

Price to Book Value per Share Ratio

Kinross Gold has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for K.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Kinross Gold pays a meaningful dividend of 1.27%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Kinross Gold does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Kinross Gold is 29.63%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for K.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.74

News Sentiment

Kinross Gold has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.41 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Kinross Gold this week, compared to 3 articles on an average week.

Search Interest

27 people have searched for K on MarketBeat in the last 30 days. This is an increase of 69% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Kinross Gold to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Kinross Gold insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$3,020,012.00 in company stock.

Percentage Held by Insiders

Only 0.26% of the stock of Kinross Gold is held by insiders.

Percentage Held by Institutions

69.13% of the stock of Kinross Gold is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

K Stock Analysis - Frequently Asked Questions

How have K shares performed this year?

Kinross Gold's stock was trading at C$8.02 on January 1st, 2024. Since then, K shares have increased by 62.6% and is now trading at C$13.04.
View the best growth stocks for 2024 here.

How do I buy shares of Kinross Gold?

Shares of K stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Kinross Gold own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kinross Gold investors own include B2Gold (BTO), NVIDIA (NVDA), Enbridge (ENB), Kinross Gold (KGC), Toronto-Dominion Bank (TD), Barrick Gold (ABX) and Suncor Energy (SU).

Company Calendar

• Ex-Dividend for 9/6 Dividend: 8/22/2024
• Dividend Payable: 9/06/2024
• Today: 11/16/2024
• Ex-Dividend for 12/12 Dividend: 11/28/2024
• Dividend Payable: 12/12/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Gold
• Sub-Industry: Food Products
• Current Symbol: TSE:K
• CUSIP: N/A
• CIK: N/A
• Web: www.kinross.com
• Phone: +1-416-3655123
• Fax: N/A
• Employees: 30,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$16.70
• High Stock Price Target: C$20.00
• Low Stock Price Target: C$13.00
• Potential Upside/Downside: +28.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.54
• Trailing P/E Ratio: 24.15
• Forward P/E Ratio: 12.95
• P/E Growth: -0.6
• Net Income: C$493 million
• Net Margins: 10.91%
• Pretax Margin: N/A
• Return on Equity: 7.81%
• Return on Assets: 5.16%

Debt

• Debt-to-Equity Ratio: 31.89
• Current Ratio: 1.27
• Quick Ratio: 1.11

Sales & Book Value

• Annual Sales: C$4.52 billion
• Price / Sales: 3.55
• Cash Flow: C$0.90 per share
• Price / Cash Flow: 14.53
• Book Value: C$5.14 per share
• Price / Book: 2.54

Miscellaneous

• Outstanding Shares: 1,230,000,000
• Free Float: N/A
• Market Cap: C$16.04 billion
• Optionable: Not Optionable
• Beta: 1.24