Stifel Nicolaus Boosts Kinross Gold (TSE:K) Price Target to C$18.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective increased by Stifel Nicolaus from C$14.50 to C$18.00 in a report issued on Monday, BayStreet.CA reports.

A number of other equities analysts have also commented on the stock. National Bankshares raised their price target on shares of Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Eight Capital raised their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, Canaccord Genuity Group dropped their price target on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$15.90.

Kinross Gold Trading Down 0.2 %

Shares of TSE:K opened at C$14.61 on Monday. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$14.95. The business has a 50 day moving average of C$12.60 and a 200-day moving average of C$11.27. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The stock has a market cap of C$17.97 billion, a PE ratio of 27.06, a P/E/G ratio of -0.60 and a beta of 1.24.

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

Kinross Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were given a $0.041 dividend. The ex-dividend date was Thursday, August 22nd. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 1.12%. Kinross Gold’s 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 Kinross Gold stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In related news, Senior Officer Laurence Davies sold 12,000 shares of the company’s stock in a transaction that occurred 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. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’s stock in a transaction that occurred 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. In the last 90 days, insiders sold 21,163 shares of company stock valued at $273,407. Company insiders own 0.26% of the company’s stock.

About Kinross Gold

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.