Kinross Gold (TSE:K) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Kinross Gold (TSE:K) (NYSE:KGC) to a strong-buy rating in a report issued on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Kinross Gold’s FY2028 earnings at $0.27 EPS.

Separately, National Bankshares raised their price objective on Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$17.10.

Kinross Gold Stock Performance

Shares of TSE K opened at C$17.48 on Wednesday. The firm has a market cap of C$15.20 billion, a P/E ratio of 20.58, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The stock has a fifty day moving average price of C$16.00 and a two-hundred day moving average price of C$14.36. Kinross Gold has a 1 year low of C$7.40 and a 1 year high of C$17.63.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.69%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

Insider Transactions at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 10,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$15.63, for a total transaction of C$156,300.00. Also, Director George Vincent Albino acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average price of C$16.07 per share, with a total value of C$80,369.87. Insiders sold a total of 344,670 shares of company stock valued at $5,276,336 over the last quarter. Company insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.