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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received a consensus recommendation of “Buy” from the five research firms that are currently covering the company, Marketbeat reports. Five 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 target price on Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th.

Insider Activity

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of Kinross Gold 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 transaction of C$1,512,061.34. Also, Director George Vincent Albino purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of C$16.07 per share, with a total value of C$80,369.87. Over the last three months, insiders sold 344,670 shares of company stock worth $5,276,336. 0.26% of the stock is currently owned by company insiders.

Kinross Gold Trading Up 1.8 %

Shares of K stock opened at C$17.48 on Thursday. The company has a market capitalization of C$15.20 billion, a price-to-earnings ratio of 20.58, a PEG ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The firm has a 50-day moving average price of C$16.00 and a 200 day moving average price of C$14.36. Kinross Gold has a twelve month low of C$7.40 and a twelve month high of C$17.63.

Kinross Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.69%. Kinross Gold’s dividend payout ratio (DPR) is 18.84%.

About Kinross Gold

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.