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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given a consensus rating of “Buy” by the eight ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$49.29.

K has been the subject of a number of research reports. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 target price for the company in a research note on Friday, May 1st. National Bank Financial dropped their price target on Kinross Gold from C$57.50 to C$50.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. Jefferies Financial Group cut their price target on Kinross Gold from C$41.00 to C$38.00 in a report on Monday, July 6th. BMO Capital Markets boosted their price objective on Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday, April 22nd. Finally, Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th.

Insider Activity

In other news, insider Claude J.S. Schimper sold 15,000 shares of the business’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 completion of the transaction, the insider 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. Also, insider Lucas Crosby sold 791 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$39.12, for a total transaction of C$30,943.92. Following the transaction, the insider owned 33,988 shares of the company’s stock, valued at C$1,329,610.56. This represents a 2.27% decrease in their position. Over the last quarter, insiders sold 38,582 shares of company stock valued at $1,572,318. 0.26% of the stock is currently owned by company insiders.

Kinross Gold Trading Up 0.9%

Kinross Gold stock opened at C$33.66 on Friday. Kinross Gold has a 1 year low of C$21.24 and a 1 year high of C$53.57. The firm’s 50-day moving average is C$36.12 and its 200-day moving average is C$41.70. The company has a debt-to-equity ratio of 8.12, a quick ratio of 1.11 and a current ratio of 2.84. The company has a market cap of C$40.19 billion, a P/E ratio of 14.32, a PEG ratio of -0.60 and a beta of 1.49.

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