Kinross Gold (TSE:K) Price Target Raised to C$23.50

Kinross Gold (TSE:K) (NYSE:KGC) had its target price hoisted by equities research analysts at Stifel Nicolaus from C$19.50 to C$23.50 in a research note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 14.69% from the company’s current price.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets raised Kinross Gold to a “strong-buy” rating in a report on Wednesday, April 16th. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. National Bankshares raised their price objective on Kinross Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, April 2nd. Finally, National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Four equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$18.40.

Kinross Gold Trading Down 0.0 %

K traded down C$0.01 during midday trading on Monday, reaching C$20.49. 1,334,551 shares of the company’s stock traded hands, compared to its average volume of 3,698,773. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The stock has a market capitalization of C$17.82 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of -0.60 and a beta of 1.24. The firm has a fifty day moving average of C$17.24 and a two-hundred day moving average of C$15.34. Kinross Gold has a 52 week low of C$8.69 and a 52 week high of C$21.36.

Insider Activity

In other news, Director Jonathan Paul Rollinson sold 205,318 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$15.22, for a total value of C$3,124,939.96. Also, Senior Officer Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$15.63, for a total value of C$156,300.00. Insiders sold a total of 349,670 shares of company stock valued at $5,366,186 in the last 90 days. 0.26% of the stock is currently owned by 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.