Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC have received an average rating of "Buy" from the seven research firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$18.40.
K has been the subject of several research reports. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares raised 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 report on Wednesday, April 2nd. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Stifel Nicolaus raised their price objective on Kinross Gold from C$19.50 to C$23.50 in a research note on Monday, April 21st. Finally, BMO Capital Markets upgraded Kinross Gold to a "strong-buy" rating in a report on Wednesday, April 16th.
Check Out Our Latest Stock Report on K
Kinross Gold Stock Performance
Shares of TSE K traded down C$0.22 during midday trading on Friday, reaching C$19.43. 4,079,138 shares of the company traded hands, compared to its average volume of 3,678,721. The company has a market cap of C$16.89 billion, a price-to-earnings ratio of 22.87, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The stock has a 50-day moving average price of C$18.04 and a 200 day moving average price of C$15.81. Kinross Gold has a 52 week low of C$8.85 and a 52 week high of C$21.36.
Kinross Gold Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.62%. Kinross Gold's dividend payout ratio (DPR) is presently 18.84%.
Insider Activity
In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$15.22, for a total value of C$1,512,061.34. Also, Senior Officer Claude J.S. Schimper sold 10,000 shares of Kinross Gold 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. Over the last ninety days, insiders have sold 349,670 shares of company stock valued at $5,366,186. 0.26% of the stock is owned by insiders.
About Kinross Gold
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Get Free ReportKinross 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.
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