Kinross Gold Co. (TSE:K) Receives C$21.25 Average PT from Analysts

Key Points

• Kinross Gold Co. has received a consensus recommendation of "Buy" from analysts, with an average 1-year price target of C$21.25.
• The company declared a quarterly dividend of $0.03 per share, scheduled for payment on September 4th, indicating a dividend yield of 0.5%.
• Insider trading activity has seen significant sales, with senior officers selling a total of 42,833 shares valued at approximately $901,122 in the last three months.

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have earned an average rating of "Buy" from the nine analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$21.25.

A number of equities analysts have issued reports on the company. Stifel Nicolaus upped their target price on Kinross Gold from C$23.50 to C$24.50 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Raymond James Financial raised Kinross Gold to a "hold" rating in a research report on Monday, June 30th. UBS Group raised Kinross Gold to a "strong-buy" rating in a research report on Monday, August 4th. BMO Capital Markets raised Kinross Gold to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, National Bankshares upped their price target on Kinross Gold from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Friday, August 1st.

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Lucas Crosby sold 12,660 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of C$21.48, for a total value of C$271,920.34. Also, Senior Officer Laurence Davies sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of C$20.13, for a total value of C$201,300.00. In the last quarter, insiders sold 42,833 shares of company stock worth $901,122. Insiders own 0.26% of the company's stock.

Kinross Gold Price Performance

Kinross Gold stock traded down C$0.33 during midday trading on Friday, reaching C$26.32. 2,335,000 shares of the company were exchanged, compared to its average volume of 3,576,221. The company has a market capitalization of C$22.88 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of -0.60 and a beta of 1.24. The firm's 50-day simple moving average is C$21.90 and its 200-day simple moving average is C$19.45. Kinross Gold has a 1 year low of C$11.28 and a 1 year high of C$26.81. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. Kinross Gold's dividend payout ratio (DPR) is presently 18.84%.

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.