Kinross Gold Co. (TSE:K) Given Consensus Rating of "Buy" by Analysts

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has received a consensus rating of "Buy" from the seven brokerages that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$20.00.

A number of brokerages have commented on K. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares increased their price objective on shares of Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd. BMO Capital Markets raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, Stifel Nicolaus raised their target price on shares of Kinross Gold from C$23.50 to C$24.50 and gave the company a "buy" rating in a research note on Wednesday, May 7th.

Insider Transactions at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 1,339 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of C$20.39, for a total transaction of C$27,302.21. Also, Director George Nickolas Paspalas acquired 2,000 shares of Kinross Gold stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of C$19.20 per share, with a total value of C$38,400.00. Insiders sold a total of 47,833 shares of company stock valued at $990,972 in the last quarter. 0.26% of the stock is currently owned by company insiders.

Kinross Gold Stock Performance

TSE:K opened at C$21.24 on Friday. Kinross Gold has a 1 year low of C$10.28 and a 1 year high of C$22.01. The firm has a 50 day moving average of C$20.42 and a 200-day moving average of C$17.35. 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 stock has a market capitalization of C$18.47 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.56%. Kinross Gold's dividend payout ratio is presently 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.

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