Kinross Gold (TSE:K) Price Target Raised to C$55.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price target hoisted by BMO Capital Markets from C$45.00 to C$55.00 in a report released on Wednesday,BayStreet.CA reports.

Several other brokerages also recently issued reports on K. Stifel Nicolaus raised their price target on Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Royal Bank Of Canada raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Finally, National Bank Financial cut their price target on Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinross Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$51.70.

Kinross Gold Trading Up 1.9%

TSE K opened at C$44.79 on Wednesday. The company has a market cap of C$53.64 billion, a PE ratio of 22.97, a PEG ratio of -0.60 and a beta of 1.48. The company has a current ratio of 2.35, a quick ratio of 1.11 and a debt-to-equity ratio of 9.08. Kinross Gold has a 12 month low of C$18.53 and a 12 month high of C$53.57. The stock has a 50 day moving average of C$44.45 and a 200-day moving average of C$41.27.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data on Wednesday, February 18th. The company reported C$0.92 EPS for the quarter. The company had revenue of C$2.68 billion during the quarter. Kinross Gold had a return on equity of 30.66% and a net margin of 33.95%. On average, equities research analysts anticipate that Kinross Gold will post 1.0071259 EPS for the current fiscal year.

Insider Transactions at Kinross Gold

In other Kinross Gold news, insider Afjal Hashim sold 16,980 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of C$37.20, for a total transaction of C$631,656.00. Following the completion of the sale, the insider owned 28,306 shares of the company’s stock, valued at C$1,052,983.20. This trade represents a 37.50% decrease in their position. 0.26% of the stock is owned by corporate insiders.

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