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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been given a consensus rating of “Buy” by the five brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is C$17.10.

Separately, National Bankshares increased their price objective on shares of Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th.

Insider Activity at Kinross Gold

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$15.22, for a total value of C$1,512,061.34. Also, Senior Officer Laurence Davies sold 10,000 shares of Kinross Gold stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$16.58, for a total value of C$165,800.00. Insiders sold 344,670 shares of company stock worth $5,276,336 in the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Price Performance

Shares of K opened at C$17.48 on Thursday. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The company has a market cap of C$15.20 billion, a P/E ratio of 20.58, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a 12 month low of C$7.40 and a 12 month high of C$17.63. The stock has a fifty day moving average price of C$16.00 and a 200 day moving average price of C$14.36.

Kinross Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.69%. Kinross Gold’s dividend payout ratio is currently 18.84%.

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.