Eight Capital Increases Kinross Gold (TSE:K) Price Target to C$11.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price target increased by equities researchers at Eight Capital from C$10.00 to C$11.00 in a report released on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Eight Capital’s target price points to a potential upside of 22.63% from the stock’s current price.

A number of other analysts have also commented on K. 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. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$10.70.

Kinross Gold Stock Performance

Shares of K stock opened at C$8.97 on Monday. The company has a 50 day moving average price of C$7.78 and a 200-day moving average price of C$7.62. Kinross Gold has a 52 week low of C$5.91 and a 52 week high of C$9.37. The firm has a market capitalization of C$11.03 billion, a PE ratio of 19.50, a P/E/G ratio of -0.60 and a beta of 1.21. The company has a quick ratio of 1.11, a current ratio of 2.63 and a debt-to-equity ratio of 36.54.

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

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total transaction of C$144,508.16. In other news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the firm’s stock in a transaction dated 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 Michiel Van Akkooi sold 62,479 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the completion of the sale, the insider now owns 3 shares of the company’s stock, valued at approximately C$20.10. Over the last quarter, insiders sold 143,621 shares of company stock worth $893,873. 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.