National Bankshares Boosts Kinross Gold (TSE:K) Price Target to C$20.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective lifted by National Bankshares from C$19.00 to C$20.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Eight Capital lifted their price target on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Stifel Nicolaus boosted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday. Finally, Canaccord Genuity Group reduced their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research note on Friday, September 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Stock Up 0.1 %

Shares of TSE:K opened at C$14.82 on Wednesday. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.95. The business has a 50 day simple moving average of C$12.73 and a two-hundred day simple moving average of C$11.33. The firm has a market capitalization of C$18.23 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. The firm had revenue of C$1.67 billion during the quarter, compared to the consensus estimate of C$1.39 billion. On average, equities analysts predict that Kinross Gold will post 1.0071259 EPS for the current year.

Kinross Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.041 per share. The ex-dividend date was Thursday, August 22nd. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.11%. Kinross Gold’s dividend payout ratio is presently 29.63%.

Insider Transactions at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer Laurence Davies sold 12,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total transaction of C$156,600.00. Over the last three months, insiders have sold 21,163 shares of company stock valued at $273,407. Corporate 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.