Brokerages Set Kinross Gold Co. (TSE:K) Target Price at C$14.60

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have earned a consensus rating of “Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$14.60.

A number of equities analysts have weighed in on K shares. Canaccord Genuity Group decreased their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Eight Capital increased their price target on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, National Bankshares lifted their price objective on Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th.

Insiders Place Their Bets

In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. Also, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. Insiders have sold 21,163 shares of company stock valued at $273,407 over the last three months. Company insiders own 0.26% of the company’s stock.

Kinross Gold Price Performance

Kinross Gold stock opened at C$13.81 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The firm has a market capitalization of C$16.99 billion, a P/E ratio of 25.57, a PEG ratio of -0.60 and a beta of 1.24. The firm has a fifty day moving average of C$12.51 and a 200-day moving average of C$11.16. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$14.07.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. The company had revenue of C$1.67 billion during the quarter, compared to the consensus estimate of C$1.39 billion. As a group, analysts predict that Kinross Gold will post 1.0071259 EPS for the current year.

Kinross Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a $0.041 dividend. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.16 annualized dividend and a dividend yield of 1.19%. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

Kinross Gold Company Profile

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.