Kinross Gold (TSE:K) Given New C$12.50 Price Target at Canaccord Genuity Group

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective lifted by Canaccord Genuity Group from C$11.00 to C$12.50 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

K has been the topic of several other reports. Stifel Nicolaus lifted their target price on Kinross Gold from C$9.00 to C$11.50 and gave the company a buy rating in a research note on Friday, April 19th. Eight Capital lifted their target price on Kinross Gold from C$10.00 to C$11.00 and gave the company a buy rating in a research note on Monday. Finally, National Bank Financial reiterated an outperform overweight rating on shares of Kinross Gold in a research note on Monday, April 8th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of C$10.70.

Kinross Gold Price Performance

Shares of TSE K opened at C$8.97 on Tuesday. The company has a debt-to-equity ratio of 36.54, a quick ratio of 1.11 and a current ratio of 2.63. Kinross Gold has a fifty-two week low of C$5.91 and a fifty-two week high of C$9.37. The firm has a market capitalization of C$11.03 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of -0.60 and a beta of 1.21. The stock’s 50-day simple moving average is C$7.78 and its 200-day simple moving average is C$7.62.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.03. The firm had revenue of C$1.52 billion for the quarter, compared to the consensus estimate of C$1.24 billion. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. As a group, equities research analysts forecast that Kinross Gold will post 0.4605193 EPS for the current fiscal year.

Kinross Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 1.78%. Kinross Gold’s dividend payout ratio is presently 34.78%.

Insider Buying and Selling

In other news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$6.70, for a total value of C$418,609.30. Following the completion of the transaction, the insider now directly owns 3 shares of the company’s stock, valued at C$20.10. In other news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$6.70, for a total value of C$418,609.30. Following the completion of the transaction, the insider now directly owns 3 shares of the company’s stock, valued at C$20.10. Also, Senior Officer Nathan M. Longenecker sold 29,312 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total value of C$144,508.16. Over the last ninety days, insiders sold 143,621 shares of company stock valued at $893,873. 0.26% of the stock is owned by insiders.

Kinross Gold Company Profile

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.