Kinross Gold (TSE:K) PT Raised to C$12.50

Kinross Gold (TSE:K) (NYSE:KGC) had its target price hoisted by analysts at Canaccord Genuity Group from C$11.00 to C$12.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 38.27% from the stock’s previous close.

A number of other research firms also recently commented on K. Eight Capital lifted their target price on Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Monday. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. Finally, Stifel Nicolaus lifted their target price 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and an average price target of C$10.70.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at C$9.04 on Tuesday. Kinross Gold has a one year low of C$5.91 and a one year high of C$9.37. The company has a debt-to-equity ratio of 36.54, a quick ratio of 1.11 and a current ratio of 2.63. The company has a market cap of C$11.12 billion, a price-to-earnings ratio of 19.65, a PEG ratio of -0.60 and a beta of 1.21. The business’s 50 day moving average price is C$7.83 and its 200 day moving average price is C$7.63.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Wednesday, February 14th. The company reported C$0.15 EPS for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.03. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. The company had revenue of C$1.52 billion for the quarter, compared to the consensus estimate of C$1.24 billion. On average, research analysts predict that Kinross Gold will post 0.4605193 EPS for the current year.

Insider Activity

In related news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$7.64, for a total transaction of C$64,176.00. In related news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 3 shares of the company’s stock, valued at approximately C$20.10. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. Over the last ninety days, insiders sold 143,621 shares of company stock valued at $893,873. 0.26% of the stock is currently owned by corporate insiders.

Kinross Gold Company Profile

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.