Canaccord Genuity Group Increases Kinross Gold (TSE:K) Price Target to C$12.50

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC had its target price increased by research analysts at Canaccord Genuity Group from C$11.00 to C$12.50 in a research note issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group's target price would indicate a potential upside of 39.35% from the company's current price.

K has been the topic of several other reports. Eight Capital boosted their target price on Kinross Gold from C$10.00 to C$11.00 and gave the stock a "buy" rating in a report on Monday. Stifel Nicolaus boosted their target price on Kinross Gold from C$9.00 to C$11.50 and gave the stock a "buy" rating in a report on Friday. Finally, National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a report on Monday, April 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$10.70.

Kinross Gold Stock Performance

Shares of TSE K traded up C$0.11 during trading on Tuesday, reaching C$8.97. 3,536,848 shares of the company traded hands, compared to its average volume of 3,344,277. The firm's fifty day simple moving average is C$7.78 and its 200 day simple moving average is C$7.62. The stock has a market cap of C$11.03 billion, a P/E ratio of 19.50, 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. 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 quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share for the quarter, beating analysts' consensus estimates of C$0.12 by C$0.03. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. The business had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.24 billion. As a group, research analysts anticipate that Kinross Gold will post 0.4605193 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the company's stock in a transaction 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 company's stock in a transaction 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 Claude J.S. Schimper sold 8,400 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$64,176.00. Over the last quarter, insiders sold 143,621 shares of company stock worth $893,873. Corporate 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.