Kinross Gold Co. (TSE:K) Receives Average Rating of “Buy” from Brokerages

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$41.38.

K has been the subject of a number of research analyst reports. Desjardins set a C$44.00 price target on shares of Kinross Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. National Bankshares upped their target price on Kinross Gold from C$52.50 to C$60.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Cormark cut Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th.

Kinross Gold Trading Up 2.5%

TSE:K opened at C$43.81 on Friday. The stock has a market cap of C$52.88 billion, a price-to-earnings ratio of 30.64, a PEG ratio of -0.60 and a beta of 1.31. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. Kinross Gold has a 1 year low of C$14.89 and a 1 year high of C$53.57. The business has a fifty day moving average of C$42.56 and a 200-day moving average of C$35.20.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.44 earnings per share for the quarter. The business had revenue of C$2.51 billion during the quarter. Kinross Gold had a net margin of 15.23% and a return on equity of 11.72%. Equities analysts predict that Kinross Gold will post 1.0071259 earnings per share for the current year.

Kinross Gold Company Profile

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.