Kinross Gold Co. (TSE:K) has been given an average recommendation of “Buy” by the brokerage

VaselineAugust 25, 2024

0 3 minutes read

Kinross Gold Co. (TSE:K – Get Your Free Report ) (NYSE:KGC) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.33.

A number of equities research analysts recently issued reports on the stock. Eight Capital upped their target price on shares of Kinross Gold from $11.00 to $15.00 in a research report on Thursday, July 11th. Canaccord Genuity Group raised their target price on shares of Kinross Gold from $13.50 to $16.00 in a research note on Tuesday, July 23rd. National Bankshares upped their price target on Kinross Gold from $13.75 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Finally, Cormark upgraded Kinross Gold from a “market perform” rating to a “buy” rating and raised their price objective for the company from $11.00 to $13.00 in a report of research on Thursday, May 9.

Check out our latest research report on Kinross Gold

Kinross Gold stocks rose 0.6%

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Shares of K stock opened at $12.37 on Friday. 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 has a 50 day moving average price of $11.76 and a two hundred day moving average price of $9.77. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of -0.60 and a beta of 1.23. Kinross Gold has a 12-month low of $5.91 and a 12-month high of $13.08.

Kinross Gold (TSE:K – Get Your Free Report ) (NYSE:KGC) last posted its earnings results on Wednesday, July 31st. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.39 billion. Equities analysts predict that Kinross Gold will post 0.8104994 EPS for the current fiscal year.

Kinross Gold increases dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 22nd will be issued a dividend of $0.041 per share. The ex-dividend date of this dividend is Thursday, August 22. This represents a dividend of $0.16 on an annualized basis and a yield of 1.33%. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s payout ratio is currently 30.91%.

Insider activity at Kinross Gold

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

About Kinross Gold

(Get a free report

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration and development of gold properties primarily 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 Bald Mountain mines in Nevada, United States; the Paracatu mine in Brazil; the La Coipa and Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and Canada’s Great Bear Project.