National Bankshares Issues Positive Forecast for Kinross Gold (TSE:K) Stock Price

Kinross Gold (TSE:K) (NYSE:KGC) had its target price hoisted by National Bankshares from C$22.00 to C$23.00 in a report issued on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on K. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$17.30.

Kinross Gold Stock Performance

TSE:K opened at C$16.75 on Wednesday. The business’s fifty day moving average is C$16.62 and its 200 day moving average is C$14.84. The firm has a market cap of C$14.56 billion, a price-to-earnings ratio of 19.72, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. Kinross Gold has a 52-week low of C$8.50 and a 52-week high of C$18.45.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.72%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

Insider Transactions at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 10,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$15.63, for a total value of C$156,300.00. Also, Director George Vincent Albino acquired 5,000 shares of Kinross Gold stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of C$16.07 per share, for a total transaction of C$80,369.87. Over the last 90 days, insiders sold 349,670 shares of company stock valued at $5,366,186. 0.26% of the stock is owned by corporate insiders.

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.