Kinross Gold Co. (TSE:K) Given Consensus Rating of “Buy” by Brokerages

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been assigned a consensus recommendation of “Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$16.70.

A number of research firms have recently commented on K. Eight Capital lifted their target price on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Canaccord Genuity Group cut their price target on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. National Bankshares increased their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Laurence Davies sold 12,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$13.05, for a total value of C$156,600.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. 0.26% of the stock is currently owned by corporate insiders.

Kinross Gold Trading Up 1.5 %

TSE K opened at C$13.20 on Friday. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$14.95. The company has a market capitalization of C$16.24 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The firm’s fifty day moving average price is C$13.37 and its 200 day moving average price is C$11.97.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be issued a dividend of $0.041 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, November 28th. Kinross Gold’s dividend payout ratio is presently 29.63%.

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.