Kinross Gold Co. (TSE:K) Stock Has Consensus Price Target of C$49.42

by · The Cerbat Gem

Kinross Gold Co. (TSE:K – Get Free Report) (NYSE:KGC) has been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$49.42.

A number of equities research analysts have recently weighed in on K shares. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from C$41.00 to C$45.00 in a research report on Friday, July 31st. BMO Capital Markets reduced their price target on Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Desjardins reduced their price target on Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Jefferies Financial Group lowered their price objective on Kinross Gold from C$41.00 to C$38.00 in a research note on Monday, July 6th. Finally, National Bank Financial dropped their price objective on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating for the company in a report on Friday, July 31st.

Read Our Latest Stock Report on K

Kinross Gold Price Performance

Shares of Kinross Gold stock opened at C$33.85 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.89 and a debt-to-equity ratio of 7.65. The stock has a market capitalization of C$40.42 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of -0.60 and a beta of 1.75. Kinross Gold has a twelve month low of C$30.93 and a twelve month high of C$53.57. The company has a 50-day simple moving average of C$38.76 and a two-hundred day simple moving average of C$38.80.

Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last announced its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 37.56% and a return on equity of 35.91%. The firm had revenue of C$3.18 billion for the quarter. Analysts forecast that Kinross Gold will post 1.01 EPS for the current year.

Insider Transactions at Kinross Gold

In related news, insider Laurence Davies sold 1,335 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 11,855 shares in the company, valued at approximately C$456,180.40. This trade represents a 10.12% decrease in their ownership of the stock. Also, insider William D. Dunford sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$40.77, for a total value of C$1,223,100.00. Following the completion of the transaction, the insider directly owned 27,374 shares of the company’s stock, valued at approximately C$1,116,037.98. This trade represents a 52.29% decrease in their position. In the last three months, insiders have sold 33,338 shares of company stock valued at $1,351,546. 0.26% of the stock is owned by corporate insiders.

About Kinross Gold

(Get Free Report)

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).

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