National Bankshares Increases Kinross Gold (TSE:K) Price Target to C$22.00

Kinross Gold (TSE:K - Free Report) NYSE: KGC had its price objective boosted by National Bankshares from C$20.00 to C$22.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Separately, Stifel Nicolaus upped their price target on shares of 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, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$17.10.

Kinross Gold Stock Performance

Shares of Kinross Gold stock traded down C$0.22 during trading on Tuesday, hitting C$15.99. 3,129,325 shares of the stock were exchanged, compared to its average volume of 3,113,306. The stock has a market capitalization of C$13.90 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a fifty day moving average price of C$14.93 and a 200-day moving average price of C$13.72. Kinross Gold has a 1-year low of C$6.46 and a 1-year high of C$17.63. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81.

Kinross Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. Kinross Gold's dividend payout ratio is currently 18.84%.

Insider Buying and Selling at Kinross Gold

In other news, Director Jonathan Paul Rollinson sold 1,300,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. Also, Director George Nickolas Paspalas purchased 5,000 shares of the business's stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of C$13.79 per share, with a total value of C$68,950.00. Insiders sold 1,408,122 shares of company stock valued at $19,734,883 in the last quarter. Company 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.