Analysts rate Kinross Gold Corp. (KGC:NYE) with a Strong Buy rating and a $8 target

Based on the Kinross Gold stock forecast from 9 analysts, the average analyst KGC stock price target is USD 8.30 over the next 12 months. Kinross Gold Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of KGC stock forecast is Neutral, which is based on 5 positive signals and 6 negative signals. At the last closing, Kinross Gold stock price was USD 3.64Kinross Gold stock price has changed by +0.08% over the past week, +0.12% over the past month and -33.09% over the last year.

 

About Kinross Gold Corp. (KGC:NYE):

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. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.

 

Most Recent Analyst Ratings for KGC’s stock:

Maintains BMO Financial Outperform USD 7 » USD 6 2022-07-28
Target Lowered by National Bank of Canada
Financial USD 13 » USD 9.25 2022-07-21
Target Lowered by Stifel Nicolaus Research USD 11 » USD 10 2022-07-20
Lowered BMO Financial USD 7 2022-07-19
Lowered Barclays USD 6 2022-07-19
Target Lowered by Stifel Nicolaus Research USD 11.5 » USD 11 2022-06-30
Target Raised by BMO Financial Outperform USD 7 » USD 7.5 2022-06-30
Lowered Jefferies Financial LLC USD 4.5 2022-06-20
Target STA Research Buy USD 7 2022-06-16
Target Lowered by Canaccord Capital USD 12 » USD 11 2022-06-16
Target Lowered by Stifel Nicolaus Research USD 14 » USD 11.5 2022-04-27
Target Raised by National Bank of Canada
Financial USD 11 » USD 12 2022-04-20
Downgraded by RBC Royalbank Outperform » Sector
Perform USD 6 2022-04-20
Target Lowered Raymond James  Outperform USD 8 » USD 7.5 2022-03-22
Maintains Jefferies Financial LLC Hold USD 5.5 » USD 6 2022-03-09
Target Set by Raymond James Capital Outperform USD 8 2022-03-03
Target Lowered Canaccord Capital Buy  USD 10.5 » USD 9.5 2022-03-03
Target Lowered by TD Research Buy USD 8.5 » USD 7 2022-03-03
Maintains Barclays Overweight USD 7 » USD 6 2022-03-03
Downgrade Credit Suisse OP » Neutral USD 7 » USD 5.25 2022-03-03
Maintains RBC Royalbank Outperform USD 6.5 » USD 6 2022-03-02
Target Lowered Canaccord Capital  Buy USD 11.5 » USD 10.5 2022-02-23
Target Lowered by TD Research Buy USD 10 » USD 8.5 2022-02-18
Target Set by Credit Suisse Outperform USD 7 2022-02-17
Target RBC Royalbank Outperform USD 6.5 2022-02-17

 

 

What we like:

High market capitalization:

KGC stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Underpriced compared to book value:

KGC stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow:

Kinross Gold stock had positive total cash flow in the most recent four quarters.

Positive free cash flow:

Kinross Gold stock had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth:

KGC stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

 

What we don’t like:

High volatility:

The total returns for KGC stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median total returns:

Kinross Gold stock has under-performed its peers on annual average total returns in the past 5 years.

Overpriced compared to earnings:

KGC stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on cashflow basis:

KGC stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Highly leveraged:

Kinross Gold stock is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the stock forecast and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Low Revenue Growth:

KGC stock has shown below median revenue growth in the previous 5 years compared to its sector.