Kinross Gold (TSE:K) Price Target Raised to C$20.00

Kinross Gold (TSE:K) (NYSE:KGC) had its target price hoisted by equities researchers at National Bankshares from C$19.00 to C$20.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 36.15% from the company’s previous close.

A number of other equities analysts have also weighed in on K. Eight Capital increased their target price on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Stifel Nicolaus lifted their target price on Kinross Gold from C$14.50 to C$18.00 in a report on Monday. Finally, Canaccord Genuity Group reduced their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$16.70.

Kinross Gold Stock Performance

Shares of TSE:K traded down C$0.11 on Wednesday, hitting C$14.69. The company had a trading volume of 934,623 shares, compared to its average volume of 3,313,019. The stock has a market cap of C$18.07 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of -0.60 and a beta of 1.24. The stock has a 50 day moving average price of C$12.73 and a 200 day moving average price of C$11.33. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$14.95. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.01. The business had revenue of C$1.67 billion for the quarter, compared to analyst estimates of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. Analysts expect that Kinross Gold will post 1.0071259 EPS for the current year.

Insider Transactions at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In other news, Senior Officer David C. Shaver sold 4,663 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. Over the last 90 days, insiders have sold 21,163 shares of company stock worth $273,407. Company insiders own 0.26% of the company’s stock.

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.