Kinross Gold Co. (TSE:K) Given Consensus Rating of "Buy" by Analysts

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC has been assigned a consensus rating of "Buy" from the five research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$10.10.

A number of analysts have weighed in on K shares. National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a research report on Monday, April 8th. Eight Capital raised their target price on shares of Kinross Gold from C$10.00 to C$11.00 and gave the company a "buy" rating in a research report on Monday. Finally, Stifel Nicolaus raised their target price on shares of Kinross Gold from C$9.00 to C$11.50 and gave the company a "buy" rating in a research report on Friday.

Kinross Gold Stock Down 4.8 %

K stock traded down C$0.45 during trading hours on Monday, reaching C$8.86. 6,523,474 shares of the stock were exchanged, compared to its average volume of 3,341,771. The firm's 50-day moving average is C$7.70 and its 200-day moving average is C$7.58. The company has a market cap of C$10.90 billion, a price-to-earnings ratio of 19.33, a PEG ratio of -0.60 and a beta of 1.21. The company has a debt-to-equity ratio of 36.54, a current ratio of 2.63 and a quick ratio of 1.11. Kinross Gold has a 12 month low of C$5.91 and a 12 month high of C$9.37.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.03. The firm had revenue of C$1.52 billion during the quarter, compared to the consensus estimate of C$1.24 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. On average, equities research analysts expect that Kinross Gold will post 0.4605193 earnings per share for the current year.

Kinross Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, March 5th. Kinross Gold's dividend payout ratio is 34.78%.

Insider Activity at Kinross Gold

In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the sale, the insider now owns 3 shares in the company, valued at C$20.10. In other news, Senior Officer Michiel Van Akkooi sold 62,479 shares of Kinross Gold stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$6.70, for a total value of C$418,609.30. Following the transaction, the insider now owns 3 shares in the company, valued at C$20.10. Also, Senior Officer Nathan M. Longenecker sold 29,312 shares of Kinross Gold stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total value of C$144,508.16. Over the last quarter, insiders sold 143,621 shares of company stock valued at $893,873. Company insiders own 0.26% of the company's stock.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.