Kinross Gold Co. (TSE:K) Receives C$13.33 Consensus Price Target from Analysts

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have earned an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is C$13.33.

A number of analysts recently issued reports on the company. Eight Capital increased their target price on Kinross Gold from C$11.00 to C$15.00 in a research note on Thursday, July 11th. Canaccord Genuity Group increased their price objective on Kinross Gold from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. National Bankshares upped their price target 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. Finally, Cormark upgraded shares of Kinross Gold from a “market perform” rating to a “buy” rating and lifted their price objective for the company from C$11.00 to C$13.00 in a report on Thursday, May 9th.

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. Also, Senior Officer William D. Dunford sold 6,076 shares of Kinross Gold stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total transaction of C$65,377.76. 0.27% of the stock is owned by corporate insiders.

Kinross Gold Stock Up 2.5 %

Shares of TSE:K opened at C$12.15 on Friday. Kinross Gold has a 12 month low of C$5.91 and a 12 month high of C$13.08. The firm has a market cap of C$14.94 billion, a P/E ratio of 22.09, a P/E/G ratio of -0.60 and a beta of 1.23. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The company’s 50-day moving average price is C$11.91 and its two-hundred day moving average price is C$9.92.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. The firm had revenue of C$1.67 billion during the quarter, compared to analyst estimates of C$1.39 billion. As a group, research analysts forecast that Kinross Gold will post 0.8104994 EPS for the current fiscal year.

Kinross Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be given a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, August 22nd. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s payout ratio is currently 30.91%.

Kinross Gold Company Profile

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.