Kinross Gold Co. (TSE:K) Receives C$51.50 Consensus PT from Brokerages

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$50.88.

K has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on shares of Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. National Bank Financial dropped their target price 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. Finally, 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.

Kinross Gold Price Performance

K opened at C$47.88 on Friday. The company has a market capitalization of C$57.34 billion, a price-to-earnings ratio of 24.55, a PEG ratio of -0.60 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 2.35 and a debt-to-equity ratio of 9.08. The firm has a 50-day moving average price of C$44.58 and a 200-day moving average price of C$41.01. Kinross Gold has a twelve month low of C$18.53 and a twelve month high of C$53.57.

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

Insider Transactions at Kinross Gold

In other Kinross Gold news, insider Afjal Hashim sold 16,980 shares of Kinross Gold stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$37.20, for a total transaction of C$631,656.00. Following the completion of the sale, the insider directly owned 28,306 shares in the company, valued at C$1,052,983.20. The trade was a 37.50% decrease in their ownership of the stock. 0.26% of the stock is currently owned by insiders.

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.