National Bankshares Increases Kinross Gold (TSE:K) Price Target to C$22.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price target boosted by stock analysts at National Bankshares from C$20.00 to C$22.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 26.07% from the stock’s current price.

Separately, Stifel Nicolaus raised their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$17.10.

Kinross Gold Trading Up 0.8 %

TSE K traded up C$0.13 during trading hours on Tuesday, reaching C$17.45. The company’s stock had a trading volume of 1,451,268 shares, compared to its average volume of 3,020,242. The firm has a fifty day simple moving average of C$14.70 and a 200-day simple moving average of C$13.62. The stock has a market cap of C$21.46 billion, a P/E ratio of 32.31, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold has a 52 week low of C$6.46 and a 52 week high of C$17.63. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11.

Insider Activity at Kinross Gold

In related news, Director George Nickolas Paspalas acquired 5,000 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of C$13.79 per share, with a total value of C$68,950.00. Also, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$14.22, for a total value of C$1,421,710.00. Insiders sold a total of 1,408,122 shares of company stock worth $19,734,883 over the last quarter. 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.