Kinross Gold (TSE:K) Upgraded at BMO Capital Markets

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC was upgraded by equities researchers at BMO Capital Markets to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. 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 research note on Wednesday, April 2nd. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$18.40.

Kinross Gold Stock Up 0.2 %

Shares of Kinross Gold stock traded up C$0.04 during trading hours on Wednesday, reaching C$20.71. 1,270,877 shares of the company's stock were exchanged, compared to its average volume of 3,675,362. Kinross Gold has a fifty-two week low of C$8.69 and a fifty-two week high of C$21.36. The stock has a market cap of C$18.01 billion, a P/E ratio of 24.38, a P/E/G ratio of -0.60 and a beta of 1.24. 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 50 day moving average of C$17.30 and a two-hundred day moving average of C$15.40.

Insider Activity

In other news, Director George Vincent Albino purchased 5,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of C$16.07 per share, with a total value of C$80,369.87. Also, Senior Officer Laurence Davies sold 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$16.58, for a total value of C$165,800.00. Insiders have sold 349,670 shares of company stock valued at $5,366,186 in the last ninety days. 0.26% of the stock is owned by company insiders.

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.