Canaccord Genuity Group Boosts Kinross Gold (TSE:K) Price Target to C$12.50

Kinross Gold (TSE:K) (NYSE:KGC) had its target price boosted by Canaccord Genuity Group from C$11.00 to C$12.50 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

A number of other research firms have also weighed in on K. National Bank Financial restated an outperform overweight rating on shares of Kinross Gold in a research note on Monday, April 8th. Eight Capital lifted their price target on shares of Kinross Gold from C$10.00 to C$11.00 and gave the stock a buy rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price target on shares of Kinross Gold from C$9.00 to C$11.50 and gave the stock a buy rating in a research note on Friday, April 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of Buy and an average target price of C$10.70.

Kinross Gold Stock Up 1.8 %

Shares of Kinross Gold stock opened at C$9.20 on Tuesday. The company has a debt-to-equity ratio of 36.54, a current ratio of 2.63 and a quick ratio of 1.11. The company has a 50-day moving average of C$7.87 and a 200 day moving average of C$7.64. The firm has a market cap of C$11.32 billion, a price-to-earnings ratio of 20.00, a PEG ratio of -0.60 and a beta of 1.21. Kinross Gold has a 1 year low of C$5.91 and a 1 year high of C$9.37.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.03. The company had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.24 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. As a group, sell-side analysts anticipate that Kinross Gold will post 0.4605193 earnings per share for the current fiscal year.

Kinross Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s dividend payout ratio is currently 34.78%.

Insider Buying and Selling at Kinross Gold

In other news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total value of C$144,508.16. In other news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total value of C$144,508.16. Also, Senior Officer Kathleen M. Grandy sold 18,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$7.27, for a total transaction of C$130,860.00. Insiders have sold 143,621 shares of company stock valued at $893,873 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

About Kinross Gold

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.