Kinross Gold Co. (TSE:K) Receives C$38.88 Consensus Price Target from Analysts

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been assigned an average rating of “Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$38.88.

A number of equities research analysts have weighed in on the company. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. National Bankshares raised their price target on Kinross Gold from C$46.00 to C$50.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. Canaccord Genuity Group upped their price objective on Kinross Gold from C$29.50 to C$37.00 in a report on Thursday, October 2nd. Finally, Desjardins set a C$44.00 price objective on Kinross Gold and gave the stock a “buy” rating in a research report on Friday, November 28th.

Kinross Gold Price Performance

Shares of TSE K opened at C$43.45 on Wednesday. The stock has a fifty day moving average price of C$37.81 and a 200 day moving average price of C$31.63. Kinross Gold has a 1-year low of C$14.44 and a 1-year high of C$43.97. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The company has a market cap of C$52.45 billion, a PE ratio of 30.38, a P/E/G ratio of -0.60 and a beta of 1.27.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Tuesday, November 4th. The company reported C$0.44 earnings per share for the quarter. Kinross Gold had a net margin of 15.23% and a return on equity of 11.72%. The business had revenue of C$2.51 billion for the quarter. Sell-side analysts forecast that Kinross Gold will post 1.0071259 EPS 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.