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

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have been given a consensus recommendation of "Buy" by the eight analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$18.60.

Several equities research analysts have issued reports on the company. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. BMO Capital Markets upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, April 16th. National Bankshares upped their target price on shares of Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 2nd. Finally, Stifel Nicolaus raised their target price 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.

Kinross Gold Trading Up 3.0 %

TSE:K traded up C$0.62 during trading hours on Friday, reaching C$21.62. 6,007,712 shares of the company were exchanged, compared to its average volume of 3,697,546. The firm has a market cap of C$18.80 billion, a price-to-earnings ratio of 25.45, a PEG ratio of -0.60 and a beta of 1.24. The stock has a 50 day simple moving average of C$18.36 and a 200 day simple moving average of C$15.97. Kinross Gold has a 52-week low of C$9.29 and a 52-week high of C$22.01. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.56%. Kinross Gold's payout ratio is 18.84%.

Insider Buying and Selling

In other news, Senior Officer Claude J.S. Schimper sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$15.63, for a total value of C$156,300.00. Also, Director George Vincent Albino purchased 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of C$16.07 per share, for a total transaction of C$80,369.87. In the last 90 days, insiders sold 349,670 shares of company stock valued at $5,366,186. Insiders own 0.26% of the company's stock.

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.