Kinross Gold (TSE:K) (NYSE:KGC) had its price target raised by analysts at National Bank Financial from C$8.00 to C$9.25 in a research report issued to clients and investors on Thursday, September 5th, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 47.76% from the stock’s previous close.
Several other equities analysts have also commented on the company. Canaccord Genuity upped their target price on Kinross Gold from C$7.25 to C$8.00 in a report on Tuesday, August 6th. Eight Capital upped their target price on Kinross Gold from C$5.25 to C$7.50 in a research report on Thursday, August 8th.
K stock opened at C$6.26 on Thursday. The stock has a 50-day moving average price of C$6.35 and a two-hundred day moving average price of C$5.06. The company has a market cap of $8.29 billion and a PE ratio of -116.35. Kinross Gold has a 12-month low of C$3.15 and a 12-month high of C$7.10. The company has a current ratio of 2.88, a quick ratio of 1.07 and a debt-to-equity ratio of 41.13.
Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.04 by C$0.04. The business had revenue of C$1.12 billion during the quarter, compared to analyst estimates of C$1.09 billion. Equities analysts forecast that Kinross Gold will post 0.13 EPS for the current fiscal year.
In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 74,405 shares of Kinross Gold stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$6.70, for a total transaction of C$498,513.50. Following the completion of the sale, the insider now owns 736,290 shares of the company’s stock, valued at approximately C$4,933,143. Also, Senior Officer Paul Botond Stilicho Tomory sold 20,000 shares of Kinross Gold stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$6.79, for a total transaction of C$135,800.00. Following the sale, the insider now directly owns 144,807 shares of the company’s stock, valued at approximately C$983,239.53. In the last 90 days, insiders have sold 96,191 shares of company stock valued at $645,488.
About Kinross Gold
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.
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