National Bankshares Forecasts Strong Price Appreciation for Kinross Gold (TSE:K) Stock

Kinross Gold (TSE:K) (NYSE:KGC) had its target price upped by investment analysts at National Bankshares from C$20.00 to C$22.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 26.51% from the stock’s current price.

Separately, Stifel Nicolaus lifted their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$17.10.

Kinross Gold Price Performance

Shares of TSE K opened at C$17.39 on Tuesday. The company has a 50 day moving average of C$14.84 and a 200 day moving average of C$13.67. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. Kinross Gold has a twelve month low of C$6.46 and a twelve month high of C$17.63. The firm has a market cap of C$21.39 billion, a P/E ratio of 32.20, a PEG ratio of -0.60 and a beta of 1.24.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$14.22, for a total value of C$1,421,710.00. Also, Director George Nickolas Paspalas acquired 5,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of C$13.79 per share, with a total value of C$68,950.00. Over the last three months, insiders have sold 1,408,122 shares of company stock worth $19,734,883. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.