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

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$38.88.

A number of analysts recently issued reports on the company. Desjardins set a C$44.00 target price on Kinross Gold and gave the company a “buy” rating in a research report on Friday, November 28th. National Bankshares increased their price target on shares of Kinross Gold from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Canaccord Genuity Group lifted their price objective on Kinross Gold from C$29.50 to C$37.00 in a report on Thursday, October 2nd. Finally, Cormark cut Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th.

Kinross Gold Trading Up 2.1%

Shares of Kinross Gold stock opened at C$39.42 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The company has a fifty day simple moving average of C$35.95 and a 200-day simple moving average of C$29.47. The stock has a market cap of C$47.58 billion, a price-to-earnings ratio of 27.57, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a 12-month low of C$13.00 and a 12-month high of C$40.26.

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

About Kinross Gold

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.