Kinross Gold Co. (TSE:K) Stock Has Consensus Price Target of C$48.17

Key Points

• Analysts maintain a bullish view: Seven firms covering Kinross Gold give the stock a consensus “Buy” rating, with a one-year average price target of C$48.17.
• Recent analyst actions were mixed, with some firms raising ratings while others lowered price targets; targets now range from C$38.00 to C$53.00.
• Kinross reported quarterly earnings of C$0.71 per share on C$2.53 billion in revenue, while the stock opened at C$28.74—well below its consensus target and 12-month high of C$53.57.

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have been assigned an average recommendation of "Buy" from the seven ratings firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$48.17.

A number of equities research analysts recently weighed in on the stock. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a "hold" rating to a "moderate buy" rating and upped their target price for the stock from C$41.00 to C$45.00 in a report on Friday, July 31st. Jefferies Financial Group cut their price target on Kinross Gold from C$41.00 to C$38.00 in a research note on Monday, July 6th. Desjardins cut their price target on Kinross Gold from C$58.00 to C$53.00 and set a "buy" rating for the company in a research note on Thursday, September 24th. National Bank Financial decreased their price objective on Kinross Gold from C$42.50 to C$40.00 and set an "outperform" rating for the company in a report on Friday. Finally, BMO Capital Markets dropped their target price on Kinross Gold from C$49.00 to C$48.00 and set an "outperform" rating on the stock in a report on Thursday, September 24th.

Kinross Gold Stock Performance

Shares of K stock opened at C$28.74 on Tuesday. The company has a current ratio of 2.87, a quick ratio of 1.11 and a debt-to-equity ratio of 7.56. The firm has a fifty day simple moving average of C$36.73 and a two-hundred day simple moving average of C$39.90. Kinross Gold has a 12 month low of C$27.50 and a 12 month high of C$53.57. The firm has a market capitalization of C$33.86 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of -0.60 and a beta of 1.75.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last released its quarterly earnings data on Wednesday, October 28th. The company reported C$0.71 earnings per share for the quarter. The firm had revenue of C$2.53 billion for the quarter. Kinross Gold had a net margin of 37.64% and a return on equity of 34.13%. Analysts forecast that Kinross Gold will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other Kinross Gold news, insider William D. Dunford sold 30,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$40.77, for a total transaction of C$1,223,100.00. Following the transaction, the insider directly owned 27,374 shares in the company, valued at approximately C$1,116,037.98. This trade represents a 52.29% decrease in their position. Also, insider Daniel Fombonne sold 2,003 shares of Kinross Gold stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total transaction of C$77,075.44. Following the transaction, the insider directly owned 16,155 shares in the company, valued at C$621,644.40. This represents a 11.03% decrease in their ownership of the stock. Over the last 90 days, insiders sold 33,338 shares of company stock worth $1,351,546. 0.26% of the stock is owned by corporate insiders.

Kinross Gold Company Profile

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange symbol: K and the New York Stock Exchange symbol: KGC.

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