Kinross Gold (TSE:K) Price Target Raised to C$20.00

Kinross Gold (TSE:K - Free Report) NYSE: KGC had its price target lifted by National Bankshares from C$19.00 to C$20.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus raised their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday. Eight Capital lifted their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group reduced their target price on Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating on the stock in a research report on Friday, September 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$16.70.

Kinross Gold Price Performance

TSE K traded up C$0.02 during mid-day trading on Wednesday, hitting C$14.82. The stock had a trading volume of 1,816,712 shares, compared to its average volume of 3,317,322. The company has a 50 day simple moving average of C$12.73 and a 200 day simple moving average of C$11.33. The company has a market cap of C$18.23 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$14.95. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last announced its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.18 by C$0.01. The company had revenue of C$1.67 billion during the quarter, compared to analysts' expectations of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. Equities analysts forecast that Kinross Gold will post 1.0071259 EPS for the current fiscal year.

Kinross Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, August 22nd. This is a boost from Kinross Gold's previous quarterly dividend of $0.03. Kinross Gold's dividend payout ratio is currently 29.63%.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Senior Officer David C. Shaver sold 4,663 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. In related news, Senior Officer Laurence Davies sold 12,000 shares of Kinross Gold stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Over the last three months, insiders have sold 21,163 shares of company stock valued at $273,407. Corporate insiders own 0.26% of the company's stock.

About Kinross Gold

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.