Kinross Gold (TSE:K) Price Target Raised to C$11.50 at Stifel Nicolaus

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

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

Kinross Gold Trading Up 3.8 %

Shares of K opened at C$9.31 on Friday. The company’s fifty day moving average is C$7.70 and its 200 day moving average is C$7.56. Kinross Gold has a fifty-two week low of C$5.91 and a fifty-two week high of C$9.37. The stock has a market capitalization of C$11.45 billion, a PE ratio of 20.24, a P/E/G ratio of -0.60 and a beta of 1.21. The company has a debt-to-equity ratio of 36.54, a quick ratio of 1.11 and a current ratio of 2.63.

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

Kinross Gold Cuts Dividend

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

Insider Buying and Selling at Kinross Gold

In other news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the business’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 sale, the insider now directly owns 3 shares of the company’s stock, valued at C$20.10. In other news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the business’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 sale, the insider now directly owns 3 shares of the company’s stock, valued at C$20.10. Also, Senior Officer Nathan M. Longenecker sold 22,521 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$5.17, for a total transaction of C$116,433.57. Insiders have sold 143,621 shares of company stock worth $893,873 over the last quarter. 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.