Kinross Gold (TSE:K - Get Free Report) NYSE: KGC had its price objective hoisted by equities researchers at Stifel Nicolaus from C$19.50 to C$23.50 in a research note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus' target price points to a potential upside of 17.03% from the company's previous close.
Other equities analysts have also issued research reports about the company. BMO Capital Markets raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday, April 16th. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, National Bankshares upped their target price on shares of Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$18.40.
Check Out Our Latest Analysis on Kinross Gold
Kinross Gold Price Performance
Shares of TSE K traded down C$0.23 during mid-day trading on Monday, hitting C$20.08. 2,861,130 shares of the stock were exchanged, compared to its average volume of 3,707,335. The company has a market cap of C$17.46 billion, a P/E ratio of 23.64, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. Kinross Gold has a twelve month low of C$8.84 and a twelve month high of C$21.36. The stock's fifty day simple moving average is C$17.63 and its two-hundred day simple moving average is C$15.58.
Insider Buying and Selling at Kinross Gold
In other Kinross Gold news, Director George Vincent Albino acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of C$16.07 per share, with a total value of C$80,369.87. Also, Senior Officer Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$15.63, for a total value of C$156,300.00. In the last 90 days, insiders sold 349,670 shares of company stock worth $5,366,186. Insiders own 0.26% of the company's stock.
Kinross Gold Company Profile
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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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