Kinross Gold (TSE:K) PT 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 report released on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 36.15% from the stock’s previous close.

Several other equities analysts have also recently weighed in on K. Stifel Nicolaus boosted their price objective on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday. Canaccord Genuity Group cut their price target on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, Eight Capital raised their price objective on shares of 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold has an average rating of “Buy” and an average target price of C$16.70.

Kinross Gold Stock Down 0.7 %

TSE:K traded down C$0.11 during trading hours on Wednesday, hitting C$14.69. 934,623 shares of the stock traded hands, compared to its average volume of 3,313,019. The firm has a 50 day moving average price of C$12.73 and a 200 day moving average price of C$11.33. The firm has a market cap of C$18.07 billion, a price-to-earnings ratio of 27.20, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a fifty-two week low of C$6.46 and a fifty-two week 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 released its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The company had revenue of C$1.67 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. Equities research analysts anticipate that Kinross Gold will post 1.0071259 earnings per share for the current year.

Insider Activity

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. Insiders sold a total of 21,163 shares of company stock valued at $273,407 in the last ninety days. 0.26% of the stock is owned by 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.