Kinross Gold Co. (TSE:K) Receives C$14.60 Average PT from Brokerages

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have earned an average rating of “Buy” from the five research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$14.60.

A number of equities analysts have issued reports on K shares. Eight Capital boosted their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Canaccord Genuity Group decreased their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Finally, National Bankshares boosted their price objective on shares of Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th.

Insider Transactions at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Over the last 90 days, insiders have sold 21,163 shares of company stock worth $273,407. Corporate insiders own 0.27% of the company’s stock.

Kinross Gold Stock Performance

TSE K opened at C$13.15 on Thursday. Kinross Gold has a 52-week low of C$5.91 and a 52-week high of C$13.70. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The company has a market capitalization of C$16.17 billion, a P/E ratio of 24.35, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a fifty day moving average of C$12.27 and a 200-day moving average of C$10.61.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The business had revenue of C$1.67 billion during the quarter, compared to the consensus estimate of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. As a group, equities research analysts predict that Kinross Gold will post 1.0170543 EPS for the current fiscal year.

Kinross Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, August 22nd. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s dividend payout ratio is 29.63%.

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.