Kinross Gold (TSE:K) Price Target Increased to C$11.00 by Analysts at Eight Capital

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective upped by research analysts at Eight Capital from C$10.00 to C$11.00 in a research report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Eight Capital’s price target suggests a potential upside of 22.63% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a research report on Friday, April 19th. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and an average target price of C$10.70.

Kinross Gold Stock Up 1.2 %

K stock opened at C$8.97 on Monday. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54. The company has a market cap of C$11.03 billion, a P/E ratio of 19.50, a P/E/G ratio of -0.60 and a beta of 1.21. The company’s 50-day moving average price is C$7.78 and its 200 day moving average price is C$7.62. Kinross Gold has a 52 week low of C$5.91 and a 52 week high of C$9.37.

Kinross Gold (TSE:K) (NYSE:KGC) last announced 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 analysts’ expectations of C$1.24 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. On average, research analysts expect that Kinross Gold will post 0.4605193 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the business’s stock in a transaction that occurred on 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 news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the company’s stock in a transaction on 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 Michiel Van Akkooi sold 62,479 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the completion of the transaction, the insider now owns 3 shares of the company’s stock, valued at C$20.10. Over the last quarter, insiders sold 143,621 shares of company stock valued at $893,873. 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.