Kinross Gold Co. (TSE:K) Given Average Recommendation of “Buy” by Brokerages

Kinross Gold Co. (TSE:K) (NYSE:KGC) has earned an average rating of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$38.88.

A number of brokerages have commented on K. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. National Bankshares lifted their target price on Kinross Gold from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Canaccord Genuity Group upped their price target on Kinross Gold from C$29.50 to C$37.00 in a report on Thursday, October 2nd. Finally, Desjardins set a C$44.00 price objective on Kinross Gold and gave the company a “buy” rating in a research note on Friday, November 28th.

Kinross Gold Stock Performance

K opened at C$42.00 on Wednesday. Kinross Gold has a 1-year low of C$14.09 and a 1-year high of C$42.01. The company has a market cap of C$50.70 billion, a price-to-earnings ratio of 29.37, a PEG ratio of -0.60 and a beta of 1.27. The company’s fifty day moving average price is C$37.21 and its two-hundred day moving average price is C$31.17. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.44 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 15.23% and a return on equity of 11.72%. The firm had revenue of C$2.51 billion during the quarter. On average, analysts expect that Kinross Gold will post 1.0071259 EPS for the current fiscal year.

About Kinross Gold

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.