Brokerages Set Kinross Gold Co. (TSE:K) Target Price at C$17.10

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been assigned an average rating of “Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$17.10.

Separately, National Bankshares increased their price objective on shares of Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th.

Insider Buying and Selling

In other news, Director George Nickolas Paspalas acquired 5,000 shares of the stock in a transaction on Monday, December 16th. The stock was bought at an average price of C$13.79 per share, with a total value of C$68,950.00. Also, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$14.22, for a total transaction of C$1,421,710.00. In the last quarter, insiders sold 1,401,000 shares of company stock valued at $19,635,816. 0.26% of the stock is currently owned by corporate insiders.

Kinross Gold Trading Up 0.3 %

Shares of K stock opened at C$16.03 on Friday. The firm has a market cap of C$13.94 billion, a P/E ratio of 18.87, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$17.63. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The firm’s 50-day simple moving average is C$15.01 and its 200-day simple moving average is C$13.79.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

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.