Kinross Gold (TSE:K) Price Target Raised to C$11.00 at Eight Capital

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective lifted by Eight Capital from C$10.00 to C$11.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Kinross Gold from C$9.00 to C$11.50 and gave the stock a buy rating in a research note on Friday. National Bank Financial reissued an outperform overweight rating on shares of Kinross Gold in a research note on Monday, April 8th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and an average target price of C$10.10.

Kinross Gold Trading Down 4.8 %

Shares of Kinross Gold stock opened at C$8.86 on Monday. Kinross Gold has a 1 year low of C$5.91 and a 1 year high of C$9.37. The firm has a market cap of C$10.90 billion, a PE ratio of 19.26, a PEG ratio of -0.60 and a beta of 1.21. The company has a debt-to-equity ratio of 36.54, a current ratio of 2.63 and a quick ratio of 1.11. The company has a 50 day simple moving average of C$7.74 and a two-hundred day simple moving average of C$7.60.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.03. The firm had revenue of C$1.52 billion for the quarter, compared to the consensus estimate of C$1.24 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. Analysts expect that Kinross Gold will post 0.4605193 earnings per share for the current fiscal year.

Kinross Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold’s payout ratio is 34.78%.

Insider Buying and Selling

In related news, Senior Officer Nathan M. Longenecker sold 29,312 shares of Kinross Gold stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total value of C$144,508.16. In related news, Senior Officer Nathan M. Longenecker sold 29,312 shares of Kinross Gold stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total value of C$144,508.16. Also, Senior Officer Michiel Van Akkooi sold 62,479 shares of Kinross Gold stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the completion of the sale, the insider now owns 3 shares in the company, valued at approximately C$20.10. Insiders have sold a total of 143,621 shares of company stock valued at $893,873 over the last three months. 0.26% of the stock is owned by company insiders.

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.