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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$51.50.

Several equities analysts have recently issued reports on the stock. Desjardins set a C$44.00 price target on shares of Kinross Gold and gave the company a “buy” rating in a report on Friday, November 28th. Stifel Nicolaus increased their price objective on shares of Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Royal Bank Of Canada upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, National Bank Financial boosted their target price on shares of Kinross Gold from C$52.50 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th.

Kinross Gold Trading Down 3.4%

Shares of TSE K opened at C$36.32 on Monday. Kinross Gold has a 12-month low of C$16.03 and a 12-month high of C$53.57. The company has a market cap of C$43.58 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of -0.60 and a beta of 1.11. The company has a current ratio of 2.35, a quick ratio of 1.11 and a debt-to-equity ratio of 9.08. The stock’s 50 day simple moving average is C$46.16 and its 200 day simple moving average is C$39.44.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, February 18th. The company reported C$0.92 EPS for the quarter. Kinross Gold had a return on equity of 30.66% and a net margin of 33.95%.The firm had revenue of C$2.68 billion during the quarter. Equities research analysts expect that Kinross Gold will post 1.0071259 EPS 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.