Kinross Gold Co. (TSE:K) Receives C$51.50 Consensus Target Price from Analysts

Kinross Gold Co. (TSE:K) (NYSE:KGC) has been given an average rating of “Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$51.50.

Several equities research analysts recently weighed in on K shares. National Bank Financial increased their target price on Kinross Gold from C$52.50 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Royal Bank Of Canada raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Desjardins set a C$44.00 price objective on Kinross Gold and gave the company a “buy” rating in a research report on Friday, November 28th. Finally, Stifel Nicolaus increased their price objective on Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th.

Kinross Gold Price Performance

Shares of TSE:K opened at C$39.81 on Monday. The company has a quick ratio of 1.11, a current ratio of 2.35 and a debt-to-equity ratio of 9.08. The stock has a market cap of C$47.68 billion, a PE ratio of 20.42, a PEG ratio of -0.60 and a beta of 1.11. The company’s fifty day moving average is C$45.44 and its 200 day moving average is C$39.61. Kinross Gold has a 52 week low of C$16.03 and a 52 week high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Wednesday, February 18th. The company reported C$0.92 earnings per share (EPS) for the quarter. The business had revenue of C$2.68 billion during the quarter. Kinross Gold had a net margin of 33.95% and a return on equity of 30.66%. Research analysts anticipate that Kinross Gold will post 1.0071259 earnings per share 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.