Kinross Gold Co. (TSE:K) Stock Has Consensus Target Price of C$49.42

Key Points

• Kinross Gold has a consensus “Buy” rating from eight analysts: six buys, one strong buy, and one hold. The average 12-month price target is C$49.42.
• Recent analysts generally remain positive, though several lowered their targets; recommendations range from “moderate buy” to “outperform,” with targets between C$38.00 and C$53.00.
• The stock opened at C$33.20 and has traded between C$30.93 and C$53.57 over the past year. Kinross reported C$1.01 quarterly EPS, C$3.18 billion in revenue, and a 37.56% net margin, while insiders sold 33,338 shares over the past 90 days.

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has been given a consensus rating of "Buy" by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$49.42.

Several equities analysts have recently weighed in on the company. BMO Capital Markets cut their price objective 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. National Bank Financial lowered their target price on Kinross Gold from C$50.00 to C$47.50 and set an "outperform" rating for the company in a research note on Friday, July 31st. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a "hold" rating to a "moderate buy" rating and raised their target price for the stock from C$41.00 to C$45.00 in a report on Friday, July 31st. Jefferies Financial Group dropped their target price on shares of Kinross Gold from C$41.00 to C$38.00 in a report on Monday, July 6th. Finally, Desjardins cut their price target on shares of Kinross Gold from C$58.00 to C$53.00 and set a "buy" rating on the stock in a research note on Thursday, September 24th.

Kinross Gold Price Performance

K opened at C$33.20 on Friday. The stock has a market cap of C$39.38 billion, a P/E ratio of 12.62, a P/E/G ratio of -0.60 and a beta of 1.75. Kinross Gold has a 12 month low of C$30.93 and a 12 month high of C$53.57. The company has a quick ratio of 1.11, a current ratio of 2.89 and a debt-to-equity ratio of 7.65. The company has a fifty day simple moving average of C$38.73 and a 200 day simple moving average of C$38.83.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last posted its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. Kinross Gold had a return on equity of 35.91% and a net margin of 37.56%.The firm had revenue of C$3.18 billion for the quarter. On average, research analysts expect that Kinross Gold will post 1.0071259 EPS for the current year.

Insider Buying and Selling

In related news, insider William D. Dunford sold 30,000 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of C$40.77, for a total value of C$1,223,100.00. Following the sale, the insider directly owned 27,374 shares of the company's stock, valued at approximately C$1,116,037.98. The trade was a 52.29% decrease in their position. Also, insider Laurence Davies sold 1,335 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total transaction of C$51,370.80. Following the completion of the sale, the insider directly owned 11,855 shares in the company, valued at C$456,180.40. This represents a 10.12% decrease in their ownership of the stock. Insiders have sold a total of 33,338 shares of company stock worth $1,351,546 over the last ninety days. Company insiders own 0.26% of the company's stock.

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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