Eight Capital Increases Kinross Gold (TSE:K) Price Target to C$16.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price target lifted by equities researchers at Eight Capital from C$15.00 to C$16.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group raised their target price on shares of Kinross Gold from C$13.50 to C$16.00 in a research note on Tuesday, July 23rd. National Bankshares raised their price objective on shares of Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Five equities research 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$14.50.

Kinross Gold Price Performance

The stock’s 50 day simple moving average is C$12.09 and its 200 day simple moving average is C$10.26. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. Kinross Gold has a 12-month low of C$5.91 and a 12-month high of C$13.37. The company has a market cap of C$16.33 billion, a price-to-earnings ratio of 24.19, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. The firm had revenue of C$1.67 billion for the quarter, compared to analyst estimates of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Senior Officer William D. Dunford sold 6,076 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total transaction of C$65,377.76. In other news, Senior Officer William D. Dunford sold 6,076 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was 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 4,500 shares of the 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 value of C$55,395.00. Company insiders own 0.27% 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.