Kinross Gold (TSE:K) Stock Gets Price Target Reduction from National Bank Financial

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective lowered by analysts at National Bank Financial from C$42.50 to C$40.00 in a report released on Friday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price objective suggests a potential upside of 45.30% from the company’s current price.

K has been the subject of a number of other reports. BMO Capital Markets lowered their target price on Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$41.00 to C$45.00 in a research note on Friday, July 31st. Desjardins cut their price target on shares of Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Finally, Jefferies Financial Group reduced their price target on shares of Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$48.17.

Kinross Gold Trading Down 8.7%

Shares of K traded down C$2.63 during midday trading on Friday, hitting C$27.53. 3,482,273 shares of the stock were exchanged, compared to its average volume of 3,730,124. Kinross Gold has a 52-week low of C$27.50 and a 52-week high of C$53.57. The stock has a fifty day simple moving average of C$37.36 and a 200 day simple moving average of C$40.08. The firm has a market cap of C$32.87 billion, a P/E ratio of 10.47, a P/E/G ratio of -0.60 and a beta of 1.75. The company has a debt-to-equity ratio of 7.56, a quick ratio of 1.11 and a current ratio of 2.87.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$0.71 earnings per share for the quarter. The business had revenue of C$2.53 billion during the quarter. Kinross Gold had a return on equity of 34.13% and a net margin of 37.64%. On average, research analysts anticipate that Kinross Gold will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, insider William D. Dunford sold 30,000 shares of Kinross Gold stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$40.77, for a total transaction of C$1,223,100.00. Following the completion of the sale, the insider directly owned 27,374 shares of the company’s stock, valued at C$1,116,037.98. The trade was a 52.29% decrease in their position. Also, insider Laurence Davies sold 1,335 shares of Kinross Gold stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total value of C$51,370.80. Following the sale, the insider directly owned 11,855 shares of the company’s stock, valued at C$456,180.40. This trade represents a 10.12% decrease in their ownership of the stock. Insiders have sold a total of 33,338 shares of company stock worth $1,351,546 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).