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

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$51.50.

K has been the topic of a number of analyst reports. National Bank Financial lifted their target price on shares of Kinross Gold from C$52.50 to C$60.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Stifel Nicolaus lifted their price objective on Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Desjardins set a C$44.00 target price on Kinross Gold and gave the company a “buy” rating in a report on Friday, November 28th.

Kinross Gold Price Performance

Kinross Gold stock opened at C$49.30 on Thursday. The stock has a market cap of C$59.51 billion, a price-to-earnings ratio of 34.48, a PEG ratio of -0.60 and a beta of 1.31. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. The business has a 50-day simple moving average of C$44.82 and a 200 day simple moving average of C$37.37. Kinross Gold has a 52 week low of C$14.89 and a 52 week high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$0.92 earnings per share for the quarter. The firm had revenue of C$2.68 billion for the quarter. Kinross Gold had a net margin of 15.23% and a return on equity of 11.72%. On average, research analysts forecast that Kinross Gold will post 1.0071259 earnings per share 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.