Kinross Gold Co. (TSE:K) Receives Consensus Rating of “Buy” from Brokerages

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received a consensus rating of “Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$14.60.

A number of equities research analysts have weighed in on the stock. Eight Capital upped their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Canaccord Genuity Group cut their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, National Bankshares increased their price target on shares of Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th.

Insiders Place Their Bets

In other news, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. In related news, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold 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. Also, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. In the last quarter, insiders sold 21,163 shares of company stock valued at $273,407. Company insiders own 0.26% of the company’s stock.

Kinross Gold Stock Performance

TSE K opened at C$14.64 on Monday. The company has a 50-day simple moving average of C$12.60 and a two-hundred day simple moving average of C$11.27. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$14.70. The firm has a market cap of C$18.01 billion, a price-to-earnings ratio of 27.11, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The firm had revenue of C$1.67 billion during the quarter, compared to the consensus estimate of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. On average, equities analysts forecast that Kinross Gold will post 1.0071259 EPS for the current year.

Kinross Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were given a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 22nd. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s payout ratio is 29.63%.

Kinross Gold Company Profile

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.