Brokerages Set Kinross Gold Co. (TSE:K) Price Target at C$14.57

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received an average rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$14.54.

Several equities analysts recently commented on K shares. National Bank Financial upped their price target on shares of Kinross Gold to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, April 23rd. Raymond James reissued an “outperform” rating and issued a C$12.75 price objective on shares of Kinross Gold in a research report on Wednesday, May 12th. Royal Bank of Canada reissued an “outperform” rating on shares of Kinross Gold in a research report on Wednesday, May 12th. Eight Capital dropped their price objective on shares of Kinross Gold from C$20.00 to C$17.50 and set a “buy” rating for the company in a research report on Tuesday, April 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kinross Gold from C$14.00 to C$12.00 and set an “overweight” rating for the company in a research report on Tuesday, April 27th.

In other Kinross Gold news, Director Jonathon Paul Rollinson sold 538,567 shares of the stock in a transaction on Wednesday, February 17th. The shares were sold at an average price of C$8.80, for a total transaction of C$4,739,389.60. Following the transaction, the director now directly owns 2,341,151 shares in the company, valued at approximately C$20,602,128.80. Also, Senior Officer Geoffrey Peters Gold sold 53,296 shares of the firm’s stock in a transaction dated Friday, March 5th. The stock was sold at an average price of C$8.30, for a total transaction of C$442,356.80. Following the completion of the transaction, the insider now owns 963,347 shares in the company, valued at C$7,995,780.10. Insiders have sold a total of 819,063 shares of company stock worth $7,060,224 over the last quarter.

K stock traded up C$0.57 on Wednesday, hitting C$9.99. 3,913,331 shares of the company were exchanged, compared to its average volume of 4,019,248. Kinross Gold has a twelve month low of C$7.75 and a twelve month high of C$13.59. The company has a debt-to-equity ratio of 29.51, a current ratio of 2.16 and a quick ratio of 1.09. The business’s fifty day moving average is C$9.02 and its two-hundred day moving average is C$9.22. The stock has a market capitalization of C$12.60 billion and a price-to-earnings ratio of 7.20.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 17th. Shareholders of record on Thursday, June 3rd will be paid a dividend of $0.037 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.48%. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, June 2nd. Kinross Gold’s dividend payout ratio is 6.88%.

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, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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Analyst Recommendations for Kinross Gold (TSE:K)

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