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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$52.42.

Several equities research analysts have recently issued reports on K shares. 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 research report on Tuesday, February 10th. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price objective for the company in a research report on Friday, May 1st. Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Royal Bank Of Canada raised 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 dropped their price objective on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a research report on Friday, April 17th.

Insider Buying and Selling at Kinross Gold

In related news, insider Stephen Kerrigan sold 791 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$39.12, for a total transaction of C$30,943.92. Following the completion of the sale, the insider directly owned 84,936 shares of the company’s stock, valued at approximately C$3,322,696.32. This trade represents a 0.92% decrease in their position. Also, insider Claude J.S. Schimper sold 15,000 shares of the firm’s stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$40.33, for a total transaction of C$604,950.00. Following the sale, the insider directly owned 49,060 shares of the company’s stock, valued at approximately C$1,978,589.80. The trade was a 23.42% decrease in their ownership of the stock. Insiders sold 55,562 shares of company stock worth $2,203,974 over the last three months. 0.26% of the stock is currently owned by insiders.

Kinross Gold Price Performance

Kinross Gold stock opened at C$36.50 on Friday. Kinross Gold has a 52-week low of C$20.13 and a 52-week high of C$53.57. The firm has a fifty day moving average of C$42.30 and a 200-day moving average of C$42.55. The firm has a market capitalization of C$43.58 billion, a P/E ratio of 15.53, a PEG ratio of -0.60 and a beta of 1.36. The company has a quick ratio of 1.11, a current ratio of 2.84 and a debt-to-equity ratio of 8.12.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.99 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 36.03% and a return on equity of 34.63%. The company had revenue of C$3.35 billion during the quarter. As a group, analysts predict 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.