Kinross Gold (TSE:K) PT Raised to C$11.50

Kinross Gold (TSE:K) (NYSE:KGC) had its target price raised by Stifel Nicolaus from C$9.00 to C$11.50 in a report released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, National Bank Financial reiterated an outperform overweight rating on shares of Kinross Gold in a report on Monday, April 8th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and a consensus target price of C$9.88.

Kinross Gold Trading Up 3.8 %

Shares of K stock opened at C$9.31 on Friday. The company has a debt-to-equity ratio of 36.54, a quick ratio of 1.11 and a current ratio of 2.63. The stock has a market capitalization of C$11.45 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of -0.60 and a beta of 1.21. The company has a 50 day moving average price of C$7.70 and a 200 day moving average price of C$7.58. Kinross Gold has a fifty-two week low of C$5.91 and a fifty-two week high of C$9.37.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.03. The firm 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%. Equities research analysts predict that Kinross Gold will post 0.4605193 EPS for the current fiscal year.

Kinross Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 34.78%.

Insiders Place Their Bets

In other news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total value of C$64,176.00. 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 Claude J.S. Schimper sold 8,400 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$64,176.00. Insiders sold 143,621 shares of company stock worth $893,873 in the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

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.