Kinross Gold (TSE:K) Upgraded by Cormark to "Buy"

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC was upgraded by research analysts at Cormark from a "market perform" rating to a "buy" rating in a research note issued on Thursday, BayStreet.CA reports. The firm currently has a C$13.00 price target on the stock, up from their prior price target of C$11.00. Cormark's price objective suggests a potential upside of 26.09% from the company's current price.

Several other analysts have also recently weighed in on the company. Stifel Nicolaus boosted their price target on Kinross Gold from C$9.00 to C$11.50 and gave the stock a "buy" rating in a report on Friday, April 19th. Eight Capital upped their target price on Kinross Gold from C$10.00 to C$11.00 and gave the company a "buy" rating in a report on Monday, April 22nd. National Bank Financial reiterated an "outperform overweight" rating on shares of Kinross Gold in a report on Monday, April 8th. National Bankshares upped their target price on Kinross Gold from C$13.50 to C$13.75 in a report on Thursday. Finally, Canaccord Genuity Group upped their target price on Kinross Gold from C$11.00 to C$12.50 in a report on Tuesday, April 23rd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$11.71.

Kinross Gold Price Performance

TSE K traded up C$0.56 during trading on Thursday, hitting C$10.31. 3,634,886 shares of the company's stock were exchanged, compared to its average volume of 3,345,854. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54. The company has a market cap of C$12.68 billion, a PE ratio of 22.35, a P/E/G ratio of -0.60 and a beta of 1.21. Kinross Gold has a fifty-two week low of C$5.91 and a fifty-two week high of C$10.33. The stock's 50 day moving average price is C$8.32 and its two-hundred day moving average price is C$7.78.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last released its quarterly earnings results 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 company had revenue of C$1.52 billion for the quarter, compared to analysts' expectations of C$1.24 billion. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. Research analysts expect that Kinross Gold will post 0.4605193 EPS for the current year.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$7.64, for a total transaction of C$64,176.00. In other news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total transaction of C$144,508.16. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. In the last three months, insiders have sold 143,621 shares of company stock worth $893,873. Corporate insiders own 0.26% of the company's stock.

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.