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

Kinross Gold (TSE:K) (NYSE:KGC) had its target price boosted by stock analysts at Stifel Nicolaus from C$19.50 to C$23.50 in a report issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 15.37% from the stock’s current price.

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

Kinross Gold Trading Down 1.5 %

TSE:K opened at C$20.37 on Monday. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The business’s 50-day simple moving average is C$17.39 and its 200-day simple moving average is C$15.45. Kinross Gold has a fifty-two week low of C$8.69 and a fifty-two week high of C$21.36. The stock has a market capitalization of C$17.71 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Insider Activity at Kinross Gold

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 stock was sold at an average price of C$15.22, for a total transaction of C$1,512,061.34. Also, Director George Vincent Albino bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost 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 valued at $5,366,186. 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.