Canaccord Genuity Group Increases Kinross Gold (TSE:K) Price Target to C$12.50

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective raised by Canaccord Genuity Group from C$11.00 to C$12.50 in a research note issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 38.27% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. Eight Capital raised their price target on shares of Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Monday. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Finally, Stifel Nicolaus raised their price target on shares of Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a report on Friday, April 19th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold currently has an average rating of “Buy” and a consensus price target of C$10.70.

Kinross Gold Stock Up 0.8 %

K stock opened at C$9.04 on Tuesday. Kinross Gold has a 12-month low of C$5.91 and a 12-month high of C$9.37. The company has a quick ratio of 1.11, a current ratio of 2.63 and a debt-to-equity ratio of 36.54. The company has a market cap of C$11.12 billion, a price-to-earnings ratio of 19.65, a PEG ratio of -0.60 and a beta of 1.21. The company has a 50 day moving average of C$7.83 and a two-hundred day moving average of C$7.63.

Kinross Gold (TSE:K) (NYSE:KGC) last released its earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.03. The company had revenue of C$1.52 billion during the quarter, compared to the consensus estimate of C$1.24 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. On average, equities analysts anticipate that Kinross Gold will post 0.4605193 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Nathan M. Longenecker sold 29,312 shares of Kinross Gold stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total transaction of C$144,508.16. In other Kinross Gold news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total value of C$144,508.16. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$64,176.00. In the last three months, insiders have sold 143,621 shares of company stock worth $893,873. Corporate insiders own 0.26% of the company’s stock.

About Kinross Gold

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.