Kinross Gold Co. (TSE:K) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been assigned a consensus recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$17.10.

Separately, National Bankshares lifted their price target on shares of 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.

Kinross Gold Trading Down 0.6 %

Shares of K stock opened at C$15.99 on Thursday. 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 market capitalization of C$13.90 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a 50 day moving average price of C$15.73 and a 200 day moving average price of C$14.20. Kinross Gold has a fifty-two week low of C$7.40 and a fifty-two week high of C$17.63.

Kinross Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 0.75%. Kinross Gold’s dividend payout ratio is presently 18.84%.

Insider Buying and Selling at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 20,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of C$15.86, for a total transaction of C$317,156.00. Also, Director George Vincent Albino acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of C$16.07 per share, for a total transaction of C$80,369.87. In the last ninety days, insiders have sold 334,670 shares of company stock worth $5,110,536. Corporate 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.