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 research note released on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Kinross Gold’s FY2025 earnings at $1.11 EPS, FY2026 earnings at $0.93 EPS, FY2027 earnings at $0.75 EPS and FY2028 earnings at $0.27 EPS.

Separately, National Bankshares boosted 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$17.10.

Kinross Gold Price Performance

TSE:K opened at C$17.46 on Wednesday. Kinross Gold has a 12 month low of C$7.66 and a 12 month high of C$17.76. The stock has a 50 day moving average of C$16.09 and a two-hundred day moving average of C$14.44. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The firm has a market cap of C$15.18 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.69%. Kinross Gold’s dividend payout ratio is currently 18.84%.

Insider Transactions at Kinross Gold

In other news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of C$15.22, for a total transaction of C$1,512,061.34. Also, Director George Vincent Albino bought 5,000 shares of the 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. Insiders have sold a total of 344,670 shares of company stock worth $5,276,336 in the last ninety days. 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.