Kinross Gold Co. (TSE:K) Receives C$38.88 Consensus PT from Analysts

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given an average rating of “Buy” by the eight analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have given a strong 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$38.88.

Several research analysts recently weighed in on K shares. National Bankshares increased their target price on Kinross Gold from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Desjardins set a C$44.00 price target on Kinross Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. Finally, Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th.

Kinross Gold Price Performance

K opened at C$45.38 on Friday. Kinross Gold has a 1 year low of C$14.89 and a 1 year high of C$53.57. The company’s 50 day simple moving average is C$42.26 and its 200 day simple moving average is C$34.83. The stock has a market capitalization of C$54.78 billion, a PE ratio of 31.73, a P/E/G ratio of -0.60 and a beta of 1.31. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.44 earnings per share for the quarter. The company had revenue of C$2.51 billion for the quarter. Kinross Gold had a net margin of 15.23% and a return on equity of 11.72%. As a group, sell-side analysts expect that Kinross Gold will post 1.0071259 EPS for the current 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.