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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$52.42.

K has been the topic of a number of recent analyst reports. National Bank Financial cut their price target on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. BMO Capital Markets increased their price target on shares of Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price target on the stock in a research note on Friday, May 1st. Finally, Royal Bank Of Canada raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th.

Insider Activity at Kinross Gold

In other Kinross Gold news, insider Stephen Kerrigan sold 791 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$39.12, for a total transaction of C$30,943.92. Following the transaction, the insider owned 84,936 shares of the company’s stock, valued at C$3,322,696.32. This trade represents a 0.92% decrease in their ownership of the stock. Also, insider Claude J.S. Schimper sold 15,000 shares of the stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$40.33, for a total transaction of C$604,950.00. Following the transaction, the insider directly owned 49,060 shares in the company, valued at approximately C$1,978,589.80. This represents a 23.42% decrease in their position. In the last ninety days, insiders sold 55,562 shares of company stock worth $2,203,974. Company insiders own 0.26% of the company’s stock.

Kinross Gold Stock Down 6.3%

Shares of TSE K opened at C$32.99 on Friday. Kinross Gold has a 1 year low of C$20.16 and a 1 year high of C$53.57. The firm’s 50 day moving average price is C$42.02 and its 200 day moving average price is C$42.60. The firm has a market cap of C$39.39 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of -0.60 and a beta of 1.36. The company has a debt-to-equity ratio of 8.12, a quick ratio of 1.11 and a current ratio of 2.84.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its earnings results on Wednesday, April 29th. The company reported C$0.99 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 36.03% and a return on equity of 34.63%. The firm had revenue of C$3.35 billion for the quarter. As a group, sell-side analysts anticipate 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.