Kinross Gold (TSE:K) Price Target Raised to C$16.00 at National Bank Financial

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Kinross Gold (TSE:K) (NYSE:KGC) had its price objective raised by National Bank Financial from C$14.00 to C$16.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on K. Canaccord Genuity raised their price objective on Kinross Gold from C$14.50 to C$15.00 in a research note on Tuesday, July 21st. Eight Capital lifted their target price on Kinross Gold from C$12.00 to C$14.00 in a research report on Monday, July 20th.

Shares of TSE:K opened at C$11.77 on Monday. The company has a market cap of $16.48 billion and a P/E ratio of 16.60. The company has a debt-to-equity ratio of 48.37, a quick ratio of 2.39 and a current ratio of 3.76. Kinross Gold has a one year low of C$4.00 and a one year high of C$13.50. The business’s 50-day simple moving average is C$11.25 and its 200 day simple moving average is C$8.82.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$0.21 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.03. The business had revenue of C$1.40 billion for the quarter. Analysts predict that Kinross Gold will post 0.13 earnings per share for the current year.

In related news, Senior Officer Claude J.S. Schimper sold 40,051 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of C$8.59, for a total transaction of C$344,038.09. Following the completion of the transaction, the insider now owns 11,528 shares in the company, valued at approximately C$99,025.52. Also, Senior Officer Nathan M. Longenecker sold 26,846 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$9.32, for a total value of C$250,204.72. Following the transaction, the insider now owns 43,648 shares of the company’s stock, valued at approximately C$406,799.36. In the last quarter, insiders sold 96,395 shares of company stock valued at $898,108.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

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