Kinross Gold (TSE:K) PT Raised to C$11.00 at Eight Capital

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC had its price objective increased by equities researchers at Eight Capital from C$10.00 to C$11.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Eight Capital's target price indicates a potential upside of 24.15% from the company's current price.

A number of other research analysts also recently commented on the company. Stifel Nicolaus boosted 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. National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a research note on Monday, April 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of C$10.10.

Kinross Gold Price Performance

Shares of K stock traded down C$0.45 during midday trading on Monday, reaching C$8.86. 6,523,474 shares of the company were exchanged, compared to its average volume of 3,341,771. The company's 50 day moving average price is C$7.70 and its two-hundred day moving average price is C$7.58. The company has a debt-to-equity ratio of 36.54, a quick ratio of 1.11 and a current ratio of 2.63. The company has a market cap of C$10.90 billion, a P/E ratio of 19.33, a PEG ratio of -0.60 and a beta of 1.21. Kinross Gold has a 12 month low of C$5.91 and a 12 month high of C$9.37.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last posted its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.03. The firm had revenue of C$1.52 billion for the quarter, compared to analysts' expectations of C$1.24 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. On average, sell-side analysts expect that Kinross Gold will post 0.4605193 earnings per share for the current year.

Insider Buying and Selling at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total value of C$64,176.00. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. Also, Senior Officer Michiel Van Akkooi sold 62,479 shares of the stock in a transaction dated 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 transaction, the insider now owns 3 shares of the company's stock, valued at approximately C$20.10. Over the last quarter, insiders have sold 143,621 shares of company stock valued at $893,873. 0.26% of the stock is currently owned by company 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.