Kinross Gold Co. (TSE:K) Given Average Recommendation of "Buy" by Analysts

Key Points

• Analysts give Kinross Gold an average recommendation of "Buy" from eight brokerages (2 hold, 4 buy, 2 strong buy) with an average 1‑year price target of C$51.50.
• Several recent upgrades and target increases include National Bank Financial raising its target to C$60 (outperform), Stifel lifting its target to C$65 (buy), and RBC upgrading to a moderate buy.
• Shares opened at C$36.32 and were down ~3.4%; the stock trades in a 52‑week range of C$16.03–C$53.57, with market cap ~C$43.6B and reported quarter EPS of C$0.92 (ROE 30.66%, net margin 33.95%).

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have earned an average recommendation of "Buy" from the eight brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given 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$51.50.

Several equities analysts recently issued reports on the company. National Bank Financial raised their price objective on Kinross Gold from C$52.50 to C$60.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Royal Bank Of Canada upgraded shares of Kinross Gold from a "hold" rating to a "moderate buy" rating in a research note on Thursday, March 12th. Stifel Nicolaus raised their price target on shares of Kinross Gold from C$45.00 to C$65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Finally, Desjardins set a C$44.00 price target on shares of Kinross Gold and gave the company a "buy" rating in a report on Friday, November 28th.

Kinross Gold Trading Down 3.4%

Shares of TSE K opened at C$36.32 on Monday. The company has a quick ratio of 1.11, a current ratio of 2.35 and a debt-to-equity ratio of 9.08. The stock's 50 day moving average price is C$46.16 and its two-hundred day moving average price is C$39.44. Kinross Gold has a 52-week low of C$16.03 and a 52-week high of C$53.57. The stock has a market capitalization of C$43.58 billion, a P/E ratio of 18.63, a PEG ratio of -0.60 and a beta of 1.11.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last issued its earnings results on Wednesday, February 18th. The company reported C$0.92 EPS for the quarter. Kinross Gold had a return on equity of 30.66% and a net margin of 33.95%.The company had revenue of C$2.68 billion during the quarter. On average, analysts anticipate that Kinross Gold will post 1.0071259 earnings per share for the current fiscal year.

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.

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