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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$38.88.

Several brokerages recently weighed in on K. National Bankshares lifted their price target on 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. Desjardins set a C$44.00 price objective on Kinross Gold and gave the company a “buy” rating in a report on Friday, November 28th. Finally, Cormark downgraded Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th.

Kinross Gold Trading Down 13.1%

Shares of Kinross Gold stock opened at C$42.88 on Friday. The stock has a market cap of C$51.76 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of -0.60 and a beta of 1.27. The firm has a fifty day moving average price of C$41.96 and a 200 day moving average price of C$34.42. Kinross Gold has a 1 year low of C$14.89 and a 1 year high of C$53.57. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

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

About Kinross Gold

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.