Analysts Set Kinross Gold Co. (TSE:K) Price Target at C$52.42

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received a consensus rating of “Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$52.42.

Several equities research analysts have recently issued reports on K shares. BMO Capital Markets raised their target price on Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday, April 22nd. National Bank Financial decreased their target price on Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a research report on Friday, April 17th. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 target price for the company in a research report on Friday, May 1st. Stifel Nicolaus raised their target price on Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, Royal Bank Of Canada raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th.

Insider Buying and Selling at Kinross Gold

In related news, insider Afjal Hashim sold 16,980 shares of Kinross Gold stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$37.20, for a total value of C$631,656.00. Following the completion of the sale, the insider owned 28,306 shares of the company’s stock, valued at approximately C$1,052,983.20. This trade represents a 37.50% decrease in their position. Also, insider Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$41.96, for a total value of C$419,600.00. Following the completion of the sale, the insider directly owned 64,060 shares of the company’s stock, valued at approximately C$2,687,957.60. This trade represents a 13.50% decrease in their position. Company insiders own 0.26% of the company’s stock.

Kinross Gold Price Performance

Shares of TSE:K opened at C$39.03 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 1.11 and a debt-to-equity ratio of 8.12. The stock’s fifty day simple moving average is C$42.79 and its two-hundred day simple moving average is C$42.07. Kinross Gold has a 1-year low of C$18.59 and a 1-year high of C$53.57. The stock has a market cap of C$46.61 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of -0.60 and a beta of 1.47.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.99 earnings per share for the quarter. Kinross Gold had a return on equity of 34.63% and a net margin of 36.03%.The business had revenue of C$3.35 billion for the quarter. As a group, 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.