Kinross Gold (TSE:K) PT Raised to C$18.00

Kinross Gold (TSE:K - Free Report) NYSE: KGC had its target price hoisted by Stifel Nicolaus from C$14.50 to C$18.00 in a research report report published on Monday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the company. Canaccord Genuity Group decreased their target price on 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. National Bankshares boosted their target price on shares of Kinross Gold from C$13.75 to C$16.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 17th. Finally, Eight Capital raised their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$15.90.

Kinross Gold Stock Down 0.2 %

K stock traded down C$0.03 during midday trading on Monday, hitting C$14.61. The company's stock had a trading volume of 2,219,037 shares, compared to its average volume of 3,333,010. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. 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 cap of C$17.97 billion, a PE ratio of 26.96, a P/E/G ratio of -0.60 and a beta of 1.24. The firm's 50-day moving average is C$12.60 and its 200-day moving average is C$11.27.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last announced its earnings results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of C$1.67 billion during the quarter, compared to analysts' expectations of C$1.39 billion. On average, equities research analysts forecast that Kinross Gold will post 1.0071259 earnings per share for the current fiscal year.

Kinross Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were issued a $0.041 dividend. This is a boost 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 dividend yield of 1.12%. Kinross Gold's dividend payout ratio is presently 29.63%.

Insider Buying and Selling at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company's stock in a transaction 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 Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the firm's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total value of C$61,411.71. Over the last quarter, insiders sold 21,163 shares of company stock worth $273,407. 0.26% of the stock is owned by insiders.

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.