Stifel Nicolaus Increases Kinross Gold (TSE:K) Price Target to C$65.00

Kinross Gold (TSE:K) (NYSE:KGC) had its target price raised by analysts at Stifel Nicolaus from C$45.00 to C$65.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 41.12% from the stock’s previous close.

Several other research firms have also weighed in on K. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. National Bankshares upped their price target on Kinross Gold from C$52.50 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Desjardins set a C$44.00 price target on shares of Kinross Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$51.50.

Kinross Gold Stock Performance

K traded up C$0.04 on Tuesday, hitting C$46.06. 1,267,272 shares of the company’s stock were exchanged, compared to its average volume of 5,108,241. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The firm has a market cap of C$55.60 billion, a PE ratio of 32.21, a P/E/G ratio of -0.60 and a beta of 1.31. Kinross Gold has a twelve month low of C$14.89 and a twelve month high of C$53.57. The stock has a fifty day moving average of C$42.69 and a two-hundred day moving average of C$35.47.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$0.44 EPS for the quarter. The company had revenue of C$2.51 billion for the quarter. Kinross Gold had a net margin of 15.23% and a return on equity of 11.72%. On average, research analysts anticipate that Kinross Gold will post 1.0071259 earnings per share for the current fiscal year.

About Kinross Gold

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.