Kinross Gold Co. (TSE:K) Receives C$20.75 Average Price Target from Brokerages

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have earned an average recommendation of "Buy" from the eight brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$20.75.

Several brokerages have recently weighed in on K. Stifel Nicolaus increased their price target on 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. Raymond James Financial raised Kinross Gold to a "hold" rating in a research note on Monday, June 30th. National Bank Financial raised Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. BMO Capital Markets raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, National Bankshares raised their price objective on 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.

Insider Buying and Selling at Kinross Gold

In other news, Senior Officer Laurence Davies sold 10,000 shares of the stock in a transaction that occurred 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. Also, Senior Officer Geoffrey Peters Gold sold 18,834 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$21.27, for a total value of C$400,599.18. Insiders sold 42,833 shares of company stock valued at $901,122 over the last 90 days. Insiders own 0.26% of the company's stock.

Kinross Gold Price Performance

K traded down C$0.10 on Wednesday, reaching C$21.18. The stock had a trading volume of 1,407,570 shares, compared to its average volume of 3,557,467. Kinross Gold has a fifty-two week low of C$11.11 and a fifty-two week high of C$22.02. The firm has a 50-day moving average of C$20.73 and a 200-day moving average of C$18.30. 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 company has a market capitalization of C$18.42 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

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