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

Kinross Gold (TSE:K) (NYSE:KGC) had its price target upped by National Bankshares from C$19.00 to C$20.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 34.23% from the stock’s previous close.

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

Kinross Gold Trading Up 0.5 %

Kinross Gold stock opened at C$14.90 on Wednesday. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.95. The firm’s 50 day moving average price is C$12.86 and its 200-day moving average price is C$11.42. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The stock has a market cap of C$18.33 billion, a P/E ratio of 27.59, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, topping the consensus estimate of C$0.18 by C$0.01. The business 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, equities analysts predict that Kinross Gold will post 1.0071259 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Laurence Davies sold 12,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. 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 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. Insiders sold 21,163 shares of company stock valued at $273,407 over the last three months. 0.26% of the stock is owned by company insiders.

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.