Analysts Set Kinross Gold Co. (TSE:K) Price Target at C$20.75

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has been given a consensus recommendation of "Buy" by the eight brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$20.75.

Several research firms have recently weighed in on K. Stifel Nicolaus lifted their price target 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. National Bankshares raised their price objective on shares of Kinross Gold from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Tuesday, June 24th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating in a research report on Monday, June 30th. Finally, BMO Capital Markets raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, April 16th.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Director George Nickolas Paspalas purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average price of C$19.20 per share, for a total transaction of C$38,400.00. Also, Senior Officer Laurence Davies sold 10,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of C$20.13, for a total value of C$201,300.00. Insiders have sold 42,833 shares of company stock valued at $901,122 in the last ninety days. Corporate insiders own 0.26% of the company's stock.

Kinross Gold Stock Performance

TSE:K traded down C$0.18 during mid-day trading on Wednesday, hitting C$21.01. 2,560,064 shares of the stock were exchanged, compared to its average volume of 3,558,619. 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 has a fifty-two week low of C$11.11 and a fifty-two week high of C$22.02. The stock has a market capitalization of C$18.27 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The firm's 50-day simple moving average is C$20.75 and its 200 day simple moving average is C$18.41.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.57%. Kinross Gold's dividend payout ratio is currently 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.