Eight Capital Raises Kinross Gold (TSE:K) Price Target to C$15.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective lifted by equities researchers at Eight Capital from C$11.00 to C$15.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Eight Capital’s target price points to a potential upside of 19.71% from the company’s previous close.

Several other equities research analysts also recently issued reports on K. National Bankshares boosted their price objective on shares of Kinross Gold from C$13.50 to C$13.75 in a research note on Thursday, May 9th. Stifel Nicolaus raised their price objective on Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a research report on Friday, April 19th. Cormark raised Kinross Gold from a “market perform” rating to a “buy” rating and upped their target price for the stock from C$11.00 to C$13.00 in a research report on Thursday, May 9th. National Bank Financial reiterated an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Finally, Canaccord Genuity Group boosted their price target on Kinross Gold from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$12.54.

Kinross Gold Trading Up 2.8 %

K stock traded up C$0.34 during midday trading on Thursday, hitting C$12.53. The stock had a trading volume of 2,822,019 shares, compared to its average volume of 3,329,147. The company’s 50-day moving average price is C$10.67 and its 200 day moving average price is C$8.79. The company has a debt-to-equity ratio of 36.08, a current ratio of 1.15 and a quick ratio of 1.11. The firm has a market cap of C$15.41 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of -0.60 and a beta of 1.19. Kinross Gold has a 12-month low of C$5.91 and a 12-month high of C$12.56.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.14 EPS for the quarter, beating the consensus estimate of C$0.08 by C$0.06. Kinross Gold had a return on equity of 7.06% and a net margin of 9.86%. The company had revenue of C$1.46 billion during the quarter, compared to analysts’ expectations of C$1.19 billion. On average, equities research analysts predict that Kinross Gold will post 0.7244147 earnings per share for the current fiscal year.

Insider Activity at Kinross Gold

In related news, Senior Officer William D. Dunford sold 6,076 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total value of C$65,377.76. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 30,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$10.39, for a total transaction of C$311,709.00. Also, Senior Officer William D. Dunford sold 6,076 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total transaction of C$65,377.76. Insiders have sold a total of 643,076 shares of company stock worth $6,954,397 in the last three months. 0.27% of the stock is owned by company 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.