Analysts Set Kinross Gold Co. (TSE:K) Target Price at C$26.25

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given a consensus rating of “Buy” by the seven analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, two have given a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$29.83.

Several research firms recently commented on K. Raymond James Financial upgraded Kinross Gold to a “hold” rating in a research report on Monday, June 30th. National Bankshares raised their target price on Kinross Gold from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. UBS Group upgraded Kinross Gold to a “strong-buy” rating in a research report on Monday, August 4th. Finally, Canaccord Genuity Group raised their target price on Kinross Gold from C$29.50 to C$37.00 in a research report on Thursday.

Insider Activity

In other news, insider Claude J.S. Schimper sold 2,131 shares of Kinross Gold stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of C$27.86, for a total transaction of C$59,369.66. Following the transaction, the insider directly owned 35,258 shares in the company, valued at approximately C$982,287.88. This trade represents a 5.70% decrease in their position. Company insiders own 0.26% of the company’s stock.

Kinross Gold Stock Up 0.3%

Shares of Kinross Gold stock opened at C$34.89 on Monday. Kinross Gold has a twelve month low of C$12.59 and a twelve month high of C$35.98. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The stock has a market capitalization of C$42.52 billion, a price-to-earnings ratio of 28.14, a PEG ratio of -0.60 and a beta of 1.04. The business’s 50 day simple moving average is C$28.88 and its 200-day simple moving average is C$23.22.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.3%. Kinross Gold’s dividend payout ratio is currently 9.68%.

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.