Kinross Gold (TSE:K) Price Target Raised to C$23.00 at National Bankshares

Kinross Gold (TSE:K) (NYSE:KGC) had its price target increased by National Bankshares from C$22.00 to C$23.00 in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the company. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Kinross Gold has an average rating of “Buy” and a consensus target price of C$17.30.

Kinross Gold Stock Up 1.9 %

K opened at C$18.36 on Wednesday. Kinross Gold has a 12 month low of C$8.45 and a 12 month high of C$18.45. The business has a 50-day moving average of C$16.54 and a two-hundred day moving average of C$14.77. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The stock has a market capitalization of C$15.96 billion, a price-to-earnings ratio of 21.61, 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 paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.65%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

Insider Activity at Kinross Gold

In other news, Director Jonathan Paul Rollinson sold 205,318 shares of the 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$3,124,939.96. Also, Director George Vincent Albino acquired 5,000 shares of Kinross Gold stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of C$16.07 per share, with a total value of C$80,369.87. Insiders sold a total of 349,670 shares of company stock valued at $5,366,186 over the last three months. 0.26% of the stock is owned by insiders.

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.