Kinross Gold Co. (TSE:K) Receives C$14.60 Average Price Target from Analysts

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have earned an average recommendation of “Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$14.60.

Several brokerages have recently commented on K. Canaccord Genuity Group decreased their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Eight Capital raised their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, National Bankshares lifted their price target on shares of Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th.

Kinross Gold Stock Up 0.2 %

K opened at C$13.15 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. Kinross Gold has a 1-year low of C$5.91 and a 1-year high of C$13.70. The company has a market capitalization of C$16.17 billion, a PE ratio of 24.35, a PEG ratio of -0.60 and a beta of 1.24. The firm’s 50 day simple moving average is C$12.27 and its two-hundred day simple moving average is C$10.61.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The firm had revenue of C$1.67 billion for the quarter, compared to the consensus estimate of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. As a group, equities analysts forecast that Kinross Gold will post 1.0170543 EPS for the current year.

Kinross Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued a $0.041 dividend. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, August 22nd. Kinross Gold’s payout ratio is currently 29.63%.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. In related news, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$13.05, for a total transaction of C$156,600.00. Also, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total transaction of C$61,411.71. Insiders sold 21,163 shares of company stock valued at $273,407 in the last three months. Corporate insiders own 0.27% of the company’s stock.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.