Kinross Gold (TSE:K) Stock Rating Upgraded by Stifel Canada

Kinross Gold (TSE:K) (NYSE:KGC) was upgraded by equities research analysts at Stifel Canada to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Kinross Gold’s FY2028 earnings at $0.27 EPS.

Separately, National Bankshares lifted their price objective on Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and an average price target of C$17.10.

Kinross Gold Stock Performance

Kinross Gold stock opened at C$17.64 on Wednesday. The stock’s 50 day simple moving average is C$16.04 and its two-hundred day simple moving average is C$14.40. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The stock has a market cap of C$15.34 billion, a price-to-earnings ratio of 20.77, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a fifty-two week low of C$7.65 and a fifty-two week high of C$17.76.

Insider Activity

In related news, Senior Officer Claude J.S. Schimper sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of C$15.86, for a total value of C$317,156.00. Also, Senior Officer Laurence Davies sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$16.58, for a total transaction of C$165,800.00. Over the last ninety days, insiders sold 344,670 shares of company stock worth $5,276,336. Insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.