Kinross Gold (TSE:K) Raised to “Strong-Buy” at BMO Capital Markets

BMO Capital Markets upgraded shares of Kinross Gold (TSE:K) (NYSE:KGC) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other analysts have also commented on K. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, National Bankshares boosted their target price on shares of Kinross Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday, April 2nd. Five research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$17.30.

Kinross Gold Stock Down 1.6 %

Shares of Kinross Gold stock opened at C$20.50 on Wednesday. Kinross Gold has a 12-month low of C$8.69 and a 12-month high of C$21.36. The firm has a market capitalization of C$17.82 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. The stock’s fifty day moving average is C$17.24 and its 200-day moving average is C$15.33.

Kinross Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.59%. Kinross Gold’s payout ratio is presently 18.84%.

Insider Buying and Selling at Kinross Gold

In other news, Director George Vincent Albino purchased 5,000 shares of Kinross Gold stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of C$16.07 per share, for a total transaction of C$80,369.87. Also, Senior Officer Claude J.S. Schimper sold 10,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$15.63, for a total value of C$156,300.00. In the last quarter, insiders have sold 349,670 shares of company stock worth $5,366,186. 0.26% of the stock is currently owned by company insiders.

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.