Kinross Gold (TSE:K) Upgraded to Strong-Buy at BMO Capital Markets

Kinross Gold (TSE:K) (NYSE:KGC) was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research firms also recently commented on K. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, National Bankshares increased their price objective on shares of Kinross Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, April 2nd. Five analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$17.30.

Kinross Gold Price Performance

Shares of TSE K opened at C$20.50 on Wednesday. The company has a 50 day moving average of C$17.17 and a 200 day moving average of C$15.29. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. Kinross Gold has a twelve month low of C$8.69 and a twelve month high of C$21.36. The firm has a market cap of C$17.82 billion, a P/E ratio of 24.13, a PEG ratio of -0.60 and a beta of 1.24.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Director George Vincent Albino purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of C$16.07 per share, with a total value of C$80,369.87. Also, Director Jonathan Paul Rollinson sold 205,318 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$15.22, for a total value of C$3,124,939.96. Insiders sold 349,670 shares of company stock worth $5,366,186 in the last three months. Corporate insiders own 0.26% of the company’s stock.

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.