Kinross Gold (TSE:K) Price Target Lowered to C$47.50 at National Bank Financial

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective decreased by National Bank Financial from C$50.00 to C$47.50 in a report published on Friday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other brokerages also recently commented on K. BMO Capital Markets lifted their target price on shares of Kinross Gold from C$45.00 to C$55.00 in a report on Wednesday, April 22nd. ATB Cormark Capital Markets raised shares of Kinross Gold from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$41.00 to C$45.00 in a report on Friday. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, Jefferies Financial Group reduced their price objective on Kinross Gold from C$41.00 to C$38.00 in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$47.36.

Kinross Gold Trading Down 2.3%

K stock opened at C$32.32 on Friday. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.89 and a quick ratio of 1.11. The company has a fifty day moving average price of C$35.53 and a two-hundred day moving average price of C$41.38. Kinross Gold has a one year low of C$21.87 and a one year high of C$53.57. The stock has a market cap of C$38.59 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of -0.60 and a beta of 1.49.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. The firm had revenue of C$3.18 billion for the quarter. Kinross Gold had a net margin of 37.56% and a return on equity of 35.91%. Equities analysts anticipate that Kinross Gold will post 1.0071259 EPS for the current year.

Insider Buying and Selling

In other Kinross Gold news, insider Lucas Crosby sold 791 shares of Kinross Gold stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$39.12, for a total value of C$30,943.92. Following the completion of the transaction, the insider directly owned 33,988 shares of the company’s stock, valued at C$1,329,610.56. The trade was a 2.27% decrease in their position. Also, insider Claude J.S. Schimper sold 15,000 shares of Kinross Gold stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$40.33, for a total value of C$604,950.00. Following the completion of the transaction, the insider directly owned 49,060 shares of the company’s stock, valued at C$1,978,589.80. This represents a 23.42% decrease in their ownership of the stock. Insiders have sold 38,582 shares of company stock valued at $1,572,318 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

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.