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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have received an average rating of “Buy” from the five brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$16.70.

Several equities research analysts have recently commented on K shares. Eight Capital upped their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Canaccord Genuity Group decreased their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. National Bankshares increased their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st.

Kinross Gold Price Performance

Shares of TSE:K opened at C$14.13 on Friday. The firm’s 50 day moving average price is C$13.83 and its 200-day moving average price is C$12.80. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The stock has a market capitalization of C$17.38 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a twelve month low of C$6.46 and a twelve month high of C$14.97.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were paid a dividend of $0.041 per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a $0.16 annualized dividend and a yield of 1.16%. Kinross Gold’s payout ratio is 29.63%.

Insider Buying and Selling at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total value of C$99,067.02. Also, Director George Nickolas Paspalas purchased 5,000 shares of Kinross Gold stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of C$13.79 per share, for a total transaction of C$68,950.00. In the last ninety days, insiders have sold 1,608,122 shares of company stock worth $22,536,883. Insiders own 0.26% 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.