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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have received an average rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$29.83.

Several equities analysts have recently commented on the stock. National Bankshares boosted their price target on shares of Kinross Gold from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, August 1st. UBS Group upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Monday, August 4th. Finally, Canaccord Genuity Group boosted their price target on shares of Kinross Gold from C$29.50 to C$37.00 in a report on Thursday, October 2nd.

Kinross Gold Trading Up 1.0%

Kinross Gold stock opened at C$32.19 on Friday. The company’s fifty day simple moving average is C$32.25 and its 200-day simple moving average is C$25.22. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. Kinross Gold has a 12 month low of C$12.79 and a 12 month high of C$39.09. The stock has a market cap of C$39.23 billion, a P/E ratio of 25.96, a P/E/G ratio of -0.60 and a beta of 1.04.

Insider Activity

In related news, insider Claude J.S. Schimper sold 2,131 shares of Kinross Gold stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of C$27.86, for a total value of C$59,369.66. Following the completion of the sale, the insider owned 35,258 shares of the company’s stock, valued at approximately C$982,287.88. The trade was a 5.70% decrease in their position. Insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

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.