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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been given an average recommendation of “Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$16.70.

K has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Eight Capital lifted 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 research report on Wednesday, September 11th. Canaccord Genuity Group reduced their target price on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, National Bankshares lifted their price target on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd.

Kinross Gold Stock Performance

The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The company has a market capitalization of C$17.00 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$14.95. The business’s fifty day simple moving average is C$13.78 and its 200 day simple moving average is C$12.42.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be paid a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, November 28th. Kinross Gold’s payout ratio is 29.63%.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer David C. Shaver sold 4,663 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. Also, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$13.05, for a total value of C$156,600.00. Insiders have sold a total of 1,524,785 shares of company stock worth $21,333,185 over the last 90 days. Insiders own 0.26% of the company’s stock.

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.