Kinross Gold (TSE:K) Price Target Lowered to C$16.50 at Canaccord Genuity Group

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective cut by Canaccord Genuity Group from C$17.00 to C$16.50 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

K has been the subject of several other research reports. Eight Capital raised 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. National Bankshares boosted their price target on shares of Kinross Gold from C$13.75 to C$16.00 and gave the company an outperform rating in a research note on Wednesday, July 17th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and an average price target of C$14.60.

Kinross Gold Stock Performance

Shares of TSE:K opened at C$12.86 on Friday. The business’s 50 day moving average price is C$12.16 and its 200-day moving average price is C$10.36. Kinross Gold has a 1 year low of C$5.91 and a 1 year high of C$13.70. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The firm has a market capitalization of C$15.82 billion, a PE ratio of 23.81, a P/E/G ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data 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 company had revenue of C$1.67 billion during the quarter, compared to the consensus estimate of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. As a group, equities research analysts expect that Kinross Gold will post 0.9896296 earnings per share for the current fiscal year.

Kinross Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.28%. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, August 22nd. Kinross Gold’s dividend payout ratio is 29.63%.

Insider Activity

In other Kinross Gold news, Senior Officer William D. Dunford sold 6,076 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was 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 William D. Dunford sold 6,076 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total value of C$65,377.76. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. Company insiders own 0.27% of the company’s stock.

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.