Kinross Gold Co. (TSE:K) Stock Has Consensus Target Price of C$48.17 According to Brokerages

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have received a consensus rating of “Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$48.17.

Several equities analysts have recently issued reports on K shares. National Bank Financial dropped their price target on shares of Kinross Gold from C$42.50 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Desjardins decreased their price objective on Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating for the company in a report on Thursday, September 24th. BMO Capital Markets lowered their target price on Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Finally, ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$41.00 to C$45.00 in a report on Friday, July 31st.

Insider Buying and Selling

In other Kinross Gold news, insider Daniel Fombonne sold 2,003 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total transaction of C$77,075.44. Following the completion of the sale, the insider owned 16,155 shares of the company’s stock, valued at approximately C$621,644.40. This represents a 11.03% decrease in their position. Also, insider Laurence Davies sold 1,335 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total transaction of C$51,370.80. Following the sale, the insider directly owned 11,855 shares of the company’s stock, valued at C$456,180.40. This represents a 10.12% decrease in their position. Insiders have sold a total of 33,338 shares of company stock valued at $1,351,546 over the last ninety days. 0.26% of the stock is owned by company insiders.

Kinross Gold Price Performance

Shares of TSE:K opened at C$30.26 on Tuesday. The company has a debt-to-equity ratio of 7.56, a current ratio of 2.87 and a quick ratio of 1.11. Kinross Gold has a one year low of C$27.50 and a one year high of C$53.57. The company has a market cap of C$35.65 billion, a price-to-earnings ratio of 11.46, a PEG ratio of -0.60 and a beta of 2.04. The firm has a 50 day simple moving average of C$35.76 and a 200 day simple moving average of C$39.65.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Wednesday, October 28th. The company reported C$0.71 EPS for the quarter. The firm had revenue of C$2.53 billion during the quarter. Kinross Gold had a return on equity of 34.13% and a net margin of 37.64%. Research analysts predict that Kinross Gold will post 1.01 earnings per share for the current fiscal year.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, December 3rd will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, November 19th. Kinross Gold’s dividend payout ratio (DPR) is 5.87%.

About Kinross Gold

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).