Kinross Gold Co. (TSE:K) Given Consensus Rating of “Buy” by Analysts

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$38.88.

A number of research analysts have issued reports on the stock. National Bankshares upped their price target on shares of Kinross Gold from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. Cormark lowered shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Desjardins set a C$44.00 target price on Kinross Gold and gave the stock a “buy” rating in a research note on Friday, November 28th.

Kinross Gold Price Performance

Shares of TSE K opened at C$42.88 on Friday. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The company has a market cap of C$51.76 billion, a PE ratio of 29.99, a P/E/G ratio of -0.60 and a beta of 1.27. The business has a 50-day simple moving average of C$41.96 and a two-hundred day simple moving average of C$34.42. Kinross Gold has a fifty-two week low of C$14.89 and a fifty-two week high of C$53.57.

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

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