Kinross Gold Co. (TSE:K) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Analysts have given Kinross Gold Co. an average recommendation of "Buy", with one hold rating, four buy ratings, and four strong buy ratings from nine brokerages.
• The average one-year price target for Kinross Gold shares has been set at C$21.25 by analysts, indicating potential growth.
• Kinross Gold announced a quarterly dividend of $0.03 per share, with a dividend yield of 0.4% and a payout ratio of 9.68%.

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have earned a consensus recommendation of "Buy" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and four have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$21.25.

K has been the topic of several research reports. UBS Group raised Kinross Gold to a "strong-buy" rating in a research note on Monday, August 4th. Raymond James Financial raised Kinross Gold to a "hold" rating in a research note on Monday, June 30th. 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 note on Friday, August 1st.

Kinross Gold Price Performance

Kinross Gold stock traded up C$0.89 on Thursday, reaching C$30.63. The company's stock had a trading volume of 4,701,392 shares, compared to its average volume of 3,621,252. 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 twelve month low of C$11.28 and a twelve month high of C$30.74. The company has a market cap of C$37.33 billion, a price-to-earnings ratio of 24.70, a PEG ratio of -0.60 and a beta of 0.67. The business's fifty day moving average price is C$24.34 and its 200 day moving average price is C$20.84.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. Kinross Gold's dividend payout ratio (DPR) is presently 9.68%.

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.