Brokerages Set Kinross Gold Co. (TSE:K) PT at C$9.88

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given a consensus rating of “Buy” by the five research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is C$10.70.

K has been the topic of a number of recent analyst reports. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Eight Capital increased their price objective on shares of Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Monday. Stifel Nicolaus increased their price objective on shares of Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, Canaccord Genuity Group increased their price objective on shares of Kinross Gold from C$11.00 to C$12.50 in a research report on Tuesday.

Kinross Gold Stock Up 0.8 %

TSE:K opened at C$9.04 on Monday. Kinross Gold has a fifty-two week low of C$5.91 and a fifty-two week high of C$9.37. The stock has a market capitalization of C$11.12 billion, a P/E ratio of 19.65, a P/E/G ratio of -0.60 and a beta of 1.21. The company has a debt-to-equity ratio of 36.54, a quick ratio of 1.11 and a current ratio of 2.63. The company’s 50-day simple moving average is C$7.83 and its 200-day simple moving average is C$7.63.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.03. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. The business had revenue of C$1.52 billion for the quarter, compared to analysts’ expectations of C$1.24 billion. On average, equities analysts anticipate that Kinross Gold will post 0.4605193 earnings per share for the current fiscal year.

Kinross Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s payout ratio is currently 34.78%.

Insider Activity at Kinross Gold

In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the completion of the transaction, the insider now directly owns 3 shares of the company’s stock, valued at approximately C$20.10. In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the completion of the transaction, the insider now directly owns 3 shares of the company’s stock, valued at approximately C$20.10. Also, Senior Officer Nathan M. Longenecker sold 29,312 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total transaction of C$144,508.16. Insiders sold 143,621 shares of company stock valued at $893,873 in the last three months. 0.26% of the stock is owned by insiders.

About Kinross Gold

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.