Kinross Gold Co. (K.TO) – What Are Researchers Saying About This Stock?

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$49.42.

K has been the subject of several research analyst reports. Jefferies Financial Group cut their price objective on Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$41.00 to C$45.00 in a research report on Friday, July 31st. National Bank Financial lowered their price target on shares of Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Desjardins cut their price target on shares of Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating for the company in a report on Thursday, September 24th. Finally, BMO Capital Markets cut their price target on shares of Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Thursday, September 24th.

Kinross Gold Stock Performance

TSE K opened at C$33.82 on Friday. The stock has a market capitalization of C$40.38 billion, a price-to-earnings ratio of 12.86, a PEG ratio of -0.60 and a beta of 1.75. The business’s 50 day moving average is C$38.67 and its two-hundred day moving average is C$38.63. Kinross Gold has a 12-month low of C$30.93 and a 12-month high of C$53.57. The company has a current ratio of 2.89, a quick ratio of 1.11 and a debt-to-equity ratio of 7.65.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. Kinross Gold had a return on equity of 35.91% and a net margin of 37.56%. The business had revenue of C$3.18 billion during the quarter. Research analysts expect that Kinross Gold will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, insider Laurence Davies sold 1,335 shares of Kinross Gold stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total transaction of C$51,370.80. Following the completion of the sale, the insider directly owned 11,855 shares in the company, valued at approximately C$456,180.40. This trade represents a 10.12% decrease in their position. Also, insider Daniel Fombonne sold 2,003 shares of Kinross Gold stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total transaction of C$77,075.44. Following the sale, the insider owned 16,155 shares of the company’s stock, valued at approximately C$621,644.40. The trade was a 11.03% decrease in their ownership of the stock. Over the last three months, insiders have sold 33,338 shares of company stock worth $1,351,546. 0.26% of the stock is owned by company insiders.

About Kinross Gold

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).