Brokerages Set Kinross Gold Co. (TSE:K) PT at C$13.33

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$13.33.

K has been the subject of a number of research reports. Eight Capital upped their price objective on shares of Kinross Gold from C$11.00 to C$15.00 in a research note on Thursday, July 11th. Cormark raised Kinross Gold from a “market perform” rating to a “buy” rating and raised their price objective for the company from C$11.00 to C$13.00 in a research note on Thursday, May 9th. Canaccord Genuity Group boosted their target price on Kinross Gold from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares lifted their price target on Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th.

Kinross Gold Stock Performance

Kinross Gold stock opened at C$12.15 on Friday. Kinross Gold has a fifty-two week low of C$5.91 and a fifty-two week high of C$13.08. The firm’s fifty day moving average price is C$11.91 and its 200-day moving average price is C$9.92. The stock has a market cap of C$14.94 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of -0.60 and a beta of 1.23. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The firm had revenue of C$1.67 billion during the quarter, compared to analyst estimates of C$1.39 billion. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. On average, equities research analysts expect that Kinross Gold will post 0.8104994 earnings per share for the current fiscal year.

Kinross Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Thursday, August 22nd will be paid a $0.041 dividend. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.35%. Kinross Gold’s dividend payout ratio (DPR) is presently 30.91%.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. Also, Senior Officer William D. Dunford sold 6,076 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total value of C$65,377.76. Insiders own 0.27% of the company’s stock.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.