Kinross Gold (TSE:K) Price Target Raised to C$65.00

Kinross Gold (TSE:K) (NYSE:KGC) had its target price upped by Stifel Nicolaus from C$45.00 to C$65.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also commented on K. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Desjardins set a C$44.00 target price on Kinross Gold and gave the company a “buy” rating in a research report on Friday, November 28th. Finally, National Bank Financial lifted their price target on shares of Kinross Gold from C$52.50 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Two equities 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$51.50.

Kinross Gold Stock Down 6.9%

K stock opened at C$44.08 on Tuesday. Kinross Gold has a one year low of C$14.89 and a one year high of C$53.57. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The firm’s fifty day moving average is C$43.16 and its 200 day moving average is C$35.78. The firm has a market cap of C$53.21 billion, a PE ratio of 30.83, a P/E/G ratio of -0.60 and a beta of 1.31.

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

Kinross Gold Company Profile

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.