Kinross Gold (TSE:K) Stock Price Expected to Rise, National Bankshares Analyst Says

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective upped by analysts at National Bankshares from C$20.00 to C$22.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 26.51% from the company’s current price.

Separately, Stifel Nicolaus upped their target price on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and a consensus target price of C$17.10.

Kinross Gold Trading Up 0.9 %

TSE K opened at C$17.39 on Tuesday. The company has a fifty day moving average of C$14.84 and a 200 day moving average of C$13.67. The company has a market capitalization of C$21.39 billion, a PE ratio of 32.20, a P/E/G 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. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$17.63.

Insider Activity at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total transaction of C$99,067.02. Also, Director George Nickolas Paspalas acquired 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of C$13.79 per share, for a total transaction of C$68,950.00. Insiders sold a total of 1,408,122 shares of company stock worth $19,734,883 in the last 90 days. Corporate insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.