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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$14.60.

Several research firms have recently weighed in on K. National Bankshares lifted their price objective on Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Eight Capital lifted their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group lowered their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th.

Insiders Place Their Bets

In related news, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. In related news, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. Insiders have sold a total of 21,163 shares of company stock valued at $273,407 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Kinross Gold Stock Up 4.4 %

Shares of K opened at C$14.64 on Monday. Kinross Gold has a 52 week low of C$6.46 and a 52 week high of C$14.70. The stock has a market capitalization of C$18.01 billion, a price-to-earnings ratio of 27.11, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The stock has a fifty day moving average of C$12.60 and a 200-day moving average of C$11.27.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The business had revenue of C$1.67 billion during the quarter, compared to analyst estimates of C$1.39 billion. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. As a group, sell-side analysts anticipate that Kinross Gold will post 1.0071259 earnings per share for the current fiscal year.

Kinross Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.041 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.16 annualized dividend and a dividend yield of 1.12%. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s dividend payout ratio (DPR) is currently 29.63%.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.