Kinross Gold Co. (TSE:K) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Consensus "Moderate Buy": Seven analysts give Kinross Gold a consensus rating of "Moderate Buy" (2 holds, 4 buys, 1 strong buy) with an average 12‑month target of C$51.50, and several brokers recently raised targets (National Bank Financial to C$60, Stifel to C$65, RBC upgraded to moderate buy).
• Solid recent results and valuation: Kinross reported quarterly EPS of C$0.92 and revenue of C$2.68B with a 30.66% ROE and 33.95% net margin, trading around C$46.47 with a market cap of C$55.65B and a 1‑year range of C$18.53–C$53.57.

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$51.50.

A number of brokerages have commented on K. National Bank Financial lifted their price target 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. Stifel Nicolaus lifted their price target on Kinross Gold from C$45.00 to C$65.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Finally, Royal Bank Of Canada raised Kinross Gold from a "hold" rating to a "moderate buy" rating in a research note on Thursday, March 12th.

Kinross Gold Stock Performance

Shares of TSE K opened at C$46.47 on Friday. The stock has a market cap of C$55.65 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of -0.60 and a beta of 1.48. The company has a current ratio of 2.35, a quick ratio of 1.11 and a debt-to-equity ratio of 9.08. Kinross Gold has a 1-year low of C$18.53 and a 1-year high of C$53.57. The stock's 50-day moving average is C$44.50 and its 200 day moving average is C$40.83.

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

Insider Buying and Selling

In other Kinross Gold news, insider Afjal Hashim sold 16,980 shares of Kinross Gold stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$37.20, for a total value of C$631,656.00. Following the transaction, the insider directly owned 28,306 shares of the company's stock, valued at C$1,052,983.20. The trade was a 37.50% decrease in their position. 0.26% of the stock is owned by company insiders.

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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