Kinross Gold (TSE:K) Given New C$11.50 Price Target at Stifel Nicolaus

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC had its price target raised by equities research analysts at Stifel Nicolaus from C$9.00 to C$11.50 in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 23.52% from the stock's current price.

Separately, National Bank Financial reissued an "outperform overweight" rating on shares of Kinross Gold in a research report on Monday, April 8th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of C$9.88.

Kinross Gold Price Performance

K traded up C$0.34 during trading on Friday, hitting C$9.31. 4,662,289 shares of the company traded hands, compared to its average volume of 3,300,398. The company has a market cap of C$11.45 billion, a PE ratio of 20.24, a P/E/G ratio of -0.60 and a beta of 1.21. The stock's 50-day simple moving average is C$7.65 and its two-hundred day simple moving average is C$7.53. Kinross Gold has a 1 year low of C$5.91 and a 1 year high of C$9.37. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54.

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

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total value of C$144,508.16. In other Kinross Gold news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total value of C$144,508.16. Also, Senior Officer Michiel Van Akkooi sold 62,479 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the transaction, the insider now owns 3 shares in the company, valued at C$20.10. Insiders have sold 143,621 shares of company stock worth $893,873 over the last three months. Insiders own 0.26% of the company's stock.

About Kinross Gold

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.