Kinross Gold (TSE:K) Stock Price Expected to Rise, National Bankshares Analyst Says

Key Points

• National Bankshares has raised its target price for Kinross Gold from C$27.00 to C$28.00, indicating a potential upside of 25.56% from the current stock price.
• Kinross Gold's stock has received multiple upgrades, with four analysts giving it a "buy" rating and one a "strong buy," reflecting positive market sentiment.
• Insiders have sold 42,833 shares of the company in recent months, raising concerns as they own only 0.26% of the company's stock.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC had its target price hoisted by research analysts at National Bankshares from C$27.00 to C$28.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective would indicate a potential upside of 25.56% from the stock's current price.

K has been the subject of a number of other research reports. Stifel Nicolaus lifted their price objective on shares of Kinross Gold from C$23.50 to C$24.50 and gave the company a "buy" rating in a report on Wednesday, May 7th. BMO Capital Markets raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Raymond James Financial raised shares of Kinross Gold to a "hold" rating in a research note on Monday, June 30th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Kinross Gold has an average rating of "Buy" and an average price target of C$21.25.

Kinross Gold Trading Up 0.6%

Shares of TSE:K traded up C$0.13 during trading on Friday, reaching C$22.30. 2,709,501 shares of the company were exchanged, compared to its average volume of 3,533,024. The firm has a market capitalization of C$19.39 billion, a PE ratio of 26.25, a P/E/G ratio of -0.60 and a beta of 1.24. The business's fifty day simple moving average is C$21.18 and its 200-day simple moving average is C$18.87. Kinross Gold has a 12-month low of C$11.11 and a 12-month high of C$22.73. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Lucas Crosby sold 12,660 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$21.48, for a total transaction of C$271,920.34. Also, Senior Officer Claude J.S. Schimper sold 1,339 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of C$20.39, for a total value of C$27,302.21. Insiders sold 42,833 shares of company stock valued at $901,122 over the last ninety days. Insiders own 0.26% of the company's stock.

About Kinross Gold

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.

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