Kinross Gold (TSE:K) Price Target Increased to C$15.00 by Analysts at Eight Capital

Kinross Gold (TSE:K) (NYSE:KGC) had its target price increased by Eight Capital from C$11.00 to C$15.00 in a report released on Thursday morning, BayStreet.CA reports.

A number of other equities research analysts also recently commented on K. National Bank Financial reiterated an outperform overweight rating on shares of Kinross Gold in a report on Monday, April 8th. Stifel Nicolaus boosted their target price on shares of Kinross Gold from C$9.00 to C$11.50 and gave the company a buy rating in a report on Friday, April 19th. Cormark upgraded shares of Kinross Gold from a market perform rating to a buy rating and boosted their target price for the company from C$11.00 to C$13.00 in a report on Thursday, May 9th. National Bankshares boosted their target price on shares of Kinross Gold from C$13.50 to C$13.75 in a report on Thursday, May 9th. Finally, Canaccord Genuity Group boosted their target price on shares of Kinross Gold from C$12.50 to C$13.50 and gave the company a buy rating in a report on Thursday, May 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of C$12.54.

Kinross Gold Stock Performance

TSE:K opened at C$12.53 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 36.08. The firm has a 50-day moving average price of C$10.74 and a two-hundred day moving average price of C$8.81. Kinross Gold has a twelve month low of C$5.91 and a twelve month high of C$12.56. The company has a market capitalization of C$15.41 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of -0.60 and a beta of 1.19.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Tuesday, May 7th. The company reported C$0.14 earnings per share for the quarter, beating the consensus estimate of C$0.08 by C$0.06. Kinross Gold had a net margin of 9.86% and a return on equity of 7.06%. The firm had revenue of C$1.46 billion during the quarter, compared to the consensus estimate of C$1.19 billion. As a group, research analysts expect that Kinross Gold will post 0.7244147 earnings per share for the current fiscal year.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.96%. Kinross Gold’s dividend payout ratio (DPR) is 32.65%.

Insider Buying and Selling at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 30,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$10.39, for a total transaction of C$311,709.00. In other news, Senior Officer William D. Dunford sold 6,076 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total transaction of C$65,377.76. Also, Senior Officer Claude J.S. Schimper sold 30,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$10.39, for a total transaction of C$311,709.00. Insiders have sold a total of 643,076 shares of company stock valued at $6,954,397 over the last ninety days. Corporate insiders own 0.27% 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.