Analysts Set Kinross Gold Co. (TSE:K) Target Price at C$16.70

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given an average recommendation of “Buy” by the five analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$16.70.

A number of research analysts recently commented on the stock. National Bankshares upped their price target on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group decreased their price target on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Stifel Nicolaus upped their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Finally, Eight Capital upped their price target 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.

Insider Transactions at Kinross Gold

In related news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. Insiders sold a total of 1,523,785 shares of company stock worth $21,319,079 over the last three months. 0.26% of the stock is owned by company insiders.

Kinross Gold Stock Down 0.5 %

Shares of K stock opened at C$13.92 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.95. The firm’s fifty day moving average price is C$13.75 and its two-hundred day moving average price is C$12.37. The firm has a market capitalization of C$17.12 billion, a P/E ratio of 25.91, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be given a dividend of $0.041 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, November 28th. Kinross Gold’s dividend payout ratio (DPR) is presently 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.