Kinross Gold Co. (TSE:K) Receives C$16.70 Average Target Price from Analysts

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been given a consensus rating of “Buy” by the five analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$16.70.

A number of research firms recently issued reports on K. Stifel Nicolaus boosted their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Eight Capital boosted their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Canaccord Genuity Group cut their target price on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Finally, National Bankshares lifted their target price on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$14.22, for a total transaction of C$1,421,710.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total transaction of C$99,067.02. Insiders have sold 1,608,122 shares of company stock worth $22,536,883 in the last ninety days. 0.26% of the stock is owned by insiders.

Kinross Gold Stock Down 2.0 %

K stock opened at C$13.17 on Friday. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$14.97. The firm has a market capitalization of C$16.20 billion, a PE ratio of 24.39, a P/E/G ratio of -0.60 and a beta of 1.24. The company’s 50 day simple moving average is C$13.94 and its 200-day simple moving average is C$12.72.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were given a dividend of $0.041 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, November 28th. Kinross Gold’s payout ratio is currently 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.