National Bankshares Boosts Kinross Gold (TSE:K) Price Target to C$26.00

Kinross Gold (TSE:K - Free Report) NYSE: KGC had its price target lifted by National Bankshares from C$25.00 to C$26.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently weighed in on K. BMO Capital Markets upgraded Kinross Gold to a "strong-buy" rating in a research note on Wednesday, April 16th. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus increased their target price on Kinross Gold from C$23.50 to C$24.50 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Kinross Gold has a consensus rating of "Buy" and a consensus price target of C$20.75.

Kinross Gold Stock Up 0.2%

Shares of TSE K traded up C$0.04 during mid-day trading on Tuesday, reaching C$21.02. 2,298,259 shares of the company traded hands, compared to its average volume of 3,591,250. 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$18.28 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company's fifty day moving average is C$20.46 and its two-hundred day moving average is C$17.52. Kinross Gold has a fifty-two week low of C$10.31 and a fifty-two week high of C$22.02.

Kinross Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.57%. Kinross Gold's dividend payout ratio (DPR) is currently 18.84%.

Insider Activity

In related news, Senior Officer Geoffrey Peters Gold sold 18,834 shares of Kinross Gold stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$21.27, for a total transaction of C$400,599.18. Also, Senior Officer Claude J.S. Schimper sold 5,000 shares of Kinross Gold stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$17.97, for a total value of C$89,850.00. In the last ninety days, insiders sold 47,833 shares of company stock valued at $990,972. Company 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.