Kinross Gold (TSE:K) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC had its price target upped by investment analysts at Stifel Nicolaus from C$19.50 to C$23.50 in a report released on Monday,BayStreet.CA reports. Stifel Nicolaus' price target points to a potential upside of 17.27% from the company's current price.

A number of other research analysts also recently commented on K. National Bankshares increased their target price on Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd. BMO Capital Markets raised Kinross Gold to a "strong-buy" rating in a research report on Wednesday, April 16th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and an average target price of C$18.40.

Kinross Gold Stock Down 1.3 %

Shares of TSE K traded down C$0.27 during trading on Monday, reaching C$20.04. 575,333 shares of the stock were exchanged, compared to its average volume of 3,675,930. The company has a market capitalization of C$17.42 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The business's 50-day moving average price is C$17.55 and its 200 day moving average price is C$15.53. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. Kinross Gold has a twelve month low of C$8.84 and a twelve month high of C$21.36.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of Kinross Gold stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$15.22, for a total value of C$1,512,061.34. Also, Director George Vincent Albino purchased 5,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of C$16.07 per share, for a total transaction of C$80,369.87. Over the last ninety days, insiders sold 349,670 shares of company stock worth $5,366,186. Corporate insiders own 0.26% of the company's stock.

Kinross Gold Company Profile

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.