Kinross Gold (TSE:K) Given New C$18.00 Price Target at Stifel Nicolaus

Kinross Gold (TSE:K) (NYSE:KGC) had its target price upped by Stifel Nicolaus from C$14.50 to C$18.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

A number of other research analysts have also weighed in on K. Canaccord Genuity Group decreased their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, September 13th. 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 note on Wednesday, July 17th. Finally, Eight Capital boosted their price target on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Stock Up 0.1 %

K stock opened at C$14.82 on Monday. The firm’s fifty day moving average is C$12.73 and its 200 day moving average is C$11.33. The firm has a market cap of C$18.23 billion, a PE ratio of 27.20, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold has a one year low of C$6.46 and a one year high of C$14.95. 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 (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 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 analysts’ expectations of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. On average, research analysts forecast that Kinross Gold will post 1.0071259 EPS for the current year.

Kinross Gold Increases Dividend

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

Insider Activity at Kinross Gold

In related news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total transaction of C$61,411.71. In related news, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold 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 value of C$156,600.00. Also, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total transaction of C$61,411.71. In the last quarter, insiders sold 21,163 shares of company stock worth $273,407. 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.