Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) had its price objective boosted by stock analysts at Eight Capital from C$11.00 to C$15.00 in a report released on Thursday, BayStreet.CA reports. Eight Capital’s price target suggests a potential upside of 19.52% from the stock’s previous close.
Analyst Ratings and Performance
K has been the subject of several other reports. National Bankshares boosted their target price on Kinross Gold from C$13.50 to C$13.75 in a report on Thursday, May 9th. Stifel Nicolaus boosted their target price on Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a report on Friday, April 19th. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Canaccord Genuity Group boosted their target price on Kinross Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, Cormark raised Kinross Gold from a “market perform” rating to a “buy” rating and boosted their target price for the company from C$11.00 to C$13.00 in a report on Thursday, May 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold has an average rating of “Buy” and a consensus price target of C$12.54.
View Our Latest Report on Kinross Gold
Kinross Gold Trading Up 0.2 %
Shares of TSE K opened at C$12.55 on Thursday. Kinross Gold has a twelve month low of C$5.91 and a twelve month high of C$12.65. The company has a current ratio of 1.15, a quick ratio of 1.11, and a debt-to-equity ratio of 36.08. The stock has a fifty day simple moving average of C$10.81 and a 200-day simple moving average of C$8.84. The stock has a market capitalization of C$15.44 billion, a PE ratio of 25.61, a PEG ratio of -0.60, and a beta of 1.19.
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last released its earnings results on Tuesday, May 7th. The company reported C$0.14 EPS for the quarter, topping the consensus estimate of C$0.08 by C$0.06. Kinross Gold had a return on equity of 7.06% and a net margin of 9.86%. The firm had revenue of C$1.46 billion during the quarter, compared to analysts’ expectations of C$1.19 billion. On average, equities analysts forecast that Kinross Gold will post 0.7244147 earnings per share for the current year.
Insider Activity at Kinross Gold
In other news, Senior Officer William D. Dunford sold 6,076 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total transaction of C$65,377.76. In other news, Senior Officer William D. Dunford sold 6,076 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total transaction of C$65,377.76. Also, Senior Officer Claude J.S. Schimper sold 7,000 shares of Kinross Gold stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$11.09, for a total value of C$77,630.00. In the last 90 days, insiders have sold 643,076 shares of company stock valued at C$6,954,397. 0.27% of the stock is owned by corporate insiders.
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.
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Additional Insight:
Incorporating analyst ratings and insights into investment decisions can provide valuable guidance for investors looking to gain a deeper understanding of a company’s performance and potential future growth. Monitoring insider activity, such as stock sales by senior officers, can also offer insights into the confidence levels of those within the company. By considering both external analyst ratings and internal insider transactions, investors can make more informed decisions about their investments in companies like Kinross Gold.
