Kinross Gold Co. (TSE:K) Receives C$21.25 Average Target Price 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.

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has been given a consensus recommendation of "Buy" by the nine research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$21.25.

K has been the subject of a number of research reports. Stifel Nicolaus upped their price objective on shares of Kinross Gold from C$23.50 to C$24.50 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. National Bankshares increased their price target on shares of 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. UBS Group raised shares of Kinross Gold to a "strong-buy" rating in a research report on Monday, August 4th. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating in a report on Monday, June 30th. Finally, BMO Capital Markets raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, April 16th.

Insider Buying and Selling

In related news, Senior Officer Claude J.S. Schimper sold 1,339 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of C$20.39, for a total value of C$27,302.21. Also, Senior Officer Lucas Crosby sold 12,660 shares of the company's stock in a transaction 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. Insiders sold a total of 42,833 shares of company stock worth $901,122 in the last three months. Insiders own 0.26% of the company's stock.

Kinross Gold Stock Performance

Shares of K traded down C$0.07 on Friday, reaching C$26.16. The company's stock had a trading volume of 832,450 shares, compared to its average volume of 3,566,378. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The stock has a market capitalization of C$22.75 billion, a P/E ratio of 30.80, a PEG ratio of -0.60 and a beta of 1.24. The stock's 50 day simple moving average is C$22.00 and its two-hundred day simple moving average is C$19.50. Kinross Gold has a 12-month low of C$11.28 and a 12-month high of C$26.81.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. Kinross Gold's dividend payout ratio is 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.