Kinross Gold Co. (TSE:K) Receives Consensus Rating of “Buy” from Analysts

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$38.88.

K has been the subject of several research reports. Cormark lowered shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. National Bankshares boosted their target price on shares of Kinross Gold from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Canaccord Genuity Group raised their price target on shares of Kinross Gold from C$29.50 to C$37.00 in a research note on Thursday, October 2nd. Finally, Desjardins set a C$44.00 price objective on Kinross Gold and gave the company a “buy” rating in a research note on Friday, November 28th.

Kinross Gold Stock Performance

Shares of K opened at C$42.00 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The company has a market capitalization of C$50.70 billion, a price-to-earnings ratio of 29.37, a PEG ratio of -0.60 and a beta of 1.27. The stock has a 50 day moving average of C$37.21 and a 200 day moving average of C$31.17. Kinross Gold has a 12 month low of C$14.09 and a 12 month high of C$42.01.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.44 earnings per share for the quarter. Kinross Gold had a return on equity of 11.72% and a net margin of 15.23%.The business had revenue of C$2.51 billion for the quarter. As a group, sell-side analysts forecast that Kinross Gold will post 1.0071259 earnings per share for the current year.

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.