Kinross Gold (TSE:K) PT Raised to C$20.00 at National Bankshares

Kinross Gold (TSE:K) (NYSE:KGC) had its price target raised by National Bankshares from C$19.00 to C$20.00 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also weighed in on K. Stifel Nicolaus boosted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Eight Capital boosted their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group cut their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$16.70.

Kinross Gold Stock Down 1.9 %

Shares of TSE K opened at C$14.62 on Wednesday. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$14.95. The company has a market capitalization of C$17.98 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The firm’s 50-day moving average is C$12.90 and its two-hundred day moving average is C$11.49.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. The company had revenue of C$1.67 billion for the quarter, compared to the consensus estimate of C$1.39 billion. Equities analysts anticipate that Kinross Gold will post 1.0071259 EPS for the current fiscal year.

Kinross Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a dividend of $0.041 per share. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.16 annualized dividend and a yield of 1.12%. Kinross Gold’s dividend payout ratio is 29.63%.

Insider Buying and Selling

In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. In other news, Senior Officer Laurence Davies sold 12,000 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. Over the last quarter, insiders sold 21,163 shares of company stock valued at $273,407. 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.