Kinross Gold (TSE:K) Price Target Raised to C$50.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective boosted by National Bankshares from C$46.00 to C$50.00 in a research report report published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also commented on the stock. Canaccord Genuity Group upped their price target on shares of Kinross Gold from C$29.50 to C$37.00 in a research report on Thursday, October 2nd. Desjardins set a C$44.00 target price on shares of Kinross Gold and gave the company a “buy” rating in a report on Friday, November 28th. Finally, Cormark downgraded shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Four research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and an average price target of C$38.88.

Kinross Gold Price Performance

TSE K opened at C$39.33 on Tuesday. The stock has a market capitalization of C$47.48 billion, a price-to-earnings ratio of 27.50, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a 1-year low of C$12.97 and a 1-year high of C$40.26. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The business’s fifty day moving average price is C$35.48 and its 200-day moving average price is C$28.71.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.44 EPS for the quarter. Kinross Gold had a return on equity of 11.72% and a net margin of 15.23%.The company had revenue of C$2.51 billion during the quarter. On average, equities analysts predict that Kinross Gold will post 1.0071259 earnings per share for the current year.

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.