Kinross Gold (TSE:K) PT Raised to C$18.00 at Stifel Nicolaus

Kinross Gold (TSE:K) (NYSE:KGC) had its price target boosted by stock analysts at Stifel Nicolaus from C$14.50 to C$18.00 in a note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 21.62% from the company’s previous close.

Several other research firms have also recently commented on K. National Bankshares lifted their price target on Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Canaccord Genuity Group dropped their price objective 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 lifted their target price on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold currently has an average rating of “Buy” and an average target price of C$15.90.

Kinross Gold Price Performance

Shares of TSE:K opened at C$14.80 on Monday. The business’s 50 day simple moving average is C$12.65 and its 200-day simple moving average is C$11.29. The firm has a market capitalization of C$18.20 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$14.95. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. The business had revenue of C$1.67 billion for the quarter, compared to analyst estimates of C$1.39 billion. As a group, equities analysts forecast that Kinross Gold will post 1.0071259 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In other news, Senior Officer Laurence Davies sold 12,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$13.05, for a total value of C$156,600.00. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’s stock in a transaction that occurred 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. Insiders have sold 21,163 shares of company stock worth $273,407 in the last three months. 0.26% of the stock is currently owned by 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.