Kinross Gold Co. (TSE:K) Receives C$9.69 Average Price Target from Brokerages

Shares of Kinross Gold Co. (TSE:KGet Rating) (NYSE:KGC) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$9.78.

K has been the subject of a number of research reports. Canaccord Genuity Group lifted their price target on shares of Kinross Gold from C$9.50 to C$12.00 in a research report on Friday, April 22nd. Royal Bank of Canada downgraded shares of Kinross Gold from an “outperform” rating to a “hold” rating and set a C$6.00 price target for the company. in a research report on Wednesday, April 20th. Eight Capital lifted their price target on shares of Kinross Gold from C$11.00 to C$11.50 and gave the company a “buy” rating in a research report on Thursday, April 21st. Credit Suisse Group downgraded shares of Kinross Gold to a “hold” rating and reduced their price target for the company from C$9.00 to C$5.25 in a research report on Thursday, March 3rd. Finally, Barclays reissued an “overweight” rating and set a C$6.00 price objective on shares of Kinross Gold in a research note on Thursday, March 3rd.

Shares of TSE:K opened at C$5.41 on Thursday. The company has a quick ratio of 0.82, a current ratio of 3.31 and a debt-to-equity ratio of 43.18. The company has a market cap of C$7.03 billion and a P/E ratio of -11.15. Kinross Gold has a 52 week low of C$5.09 and a 52 week high of C$8.94. The company has a 50-day moving average price of C$6.05 and a 200 day moving average price of C$6.75.

Kinross Gold (TSE:KGet Rating) (NYSE:KGC) last announced its quarterly earnings data on Tuesday, May 10th. The company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The company had revenue of C$972.85 million for the quarter. Analysts expect that Kinross Gold will post 0.5805487 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.22%. Kinross Gold’s dividend payout ratio (DPR) is presently -24.74%.

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 34,360 shares of Kinross Gold stock in a transaction on Monday, June 20th. The shares were sold at an average price of C$5.30, for a total value of C$182,108.00. Following the transaction, the insider now owns 105,811 shares in the company, valued at approximately C$560,798.30.

About Kinross Gold (Get Rating)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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Analyst Recommendations for Kinross Gold (TSE:K)

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