Kinross Gold Co. (TSE:K) Receives C$14.60 Average PT from Analysts

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given an average rating of “Buy” by the five brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$14.60.

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

Kinross Gold Stock Performance

Shares of K stock opened at C$13.01 on Thursday. The stock has a market cap of C$16.00 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The stock has a 50-day moving average of C$12.23 and a 200-day moving average of C$10.48. 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 one year low of C$5.91 and a one year high of C$13.70.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The company had revenue of C$1.67 billion during the quarter, compared to analyst estimates of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. As a group, sell-side analysts expect that Kinross Gold will post 0.9896296 earnings per share for the current year.

Kinross Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.041 per share. 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 yield of 1.26%. Kinross Gold’s dividend payout ratio (DPR) is currently 29.63%.

Insider Activity

In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction 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. In other Kinross Gold 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. Also, Senior Officer William D. Dunford sold 6,076 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total transaction of C$65,377.76. Insiders own 0.27% 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.