National Bankshares Trims Kinross Gold (TSE:K) Target Price to C$8.25

Kinross Gold (TSE:KGet Rating) (NYSE:KGC) had its price objective cut by National Bankshares from C$9.25 to C$8.25 in a report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Cormark upped their target price on shares of Kinross Gold from C$7.00 to C$8.00 and gave the stock a sector perform rating in a research report on Wednesday, April 6th. Royal Bank of Canada downgraded shares of Kinross Gold from an outperform rating to a hold rating and set a C$6.00 price objective for the company. in a report on Wednesday, April 20th. Bank of America reissued a buy rating and issued a C$7.65 price target on shares of Kinross Gold in a report on Tuesday, April 12th. Canaccord Genuity Group increased their target price on shares of Kinross Gold from C$9.50 to C$12.00 in a research report on Friday, April 22nd. Finally, Eight Capital raised their price objective on shares of Kinross Gold from C$11.00 to C$11.50 and gave the company a buy rating in a research report on Thursday, April 21st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$9.14.

Kinross Gold Stock Down 3.6 %

Shares of TSE K opened at C$4.33 on Wednesday. The stock has a market cap of C$5.63 billion and a P/E ratio of 24.06. The company has a current ratio of 3.00, a quick ratio of 1.04 and a debt-to-equity ratio of 42.01. Kinross Gold has a 12-month low of C$3.92 and a 12-month high of C$8.94. The business’s fifty day simple moving average is C$4.82 and its 200-day simple moving average is C$6.16.

Kinross Gold (TSE:KGet Rating) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 27th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). The company had revenue of C$1.05 billion for the quarter. As a group, equities analysts predict that Kinross Gold will post 0.51 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, August 17th. Kinross Gold’s dividend payout ratio (DPR) is presently 66.67%.

Insider Activity

In related news, Senior Officer Claude J.S. Schimper sold 34,360 shares of Kinross Gold stock in a transaction dated Monday, June 20th. The stock was sold at an average price of C$5.30, for a total value of C$182,108.00. Following the completion of the sale, the insider now owns 105,811 shares of the company’s stock, valued at approximately C$560,798.30.

Kinross Gold Company Profile

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Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

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Analyst Recommendations for Kinross Gold (TSE:K)

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