Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) had its price target hoisted by analysts at Stifel Nicolaus from C$9.00 to C$11.50 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 23.52% from the company’s previous close.
Separately, National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$9.88.
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Kinross Gold Price Performance
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last released its earnings results on Wednesday, February 14th. The company reported C$0.15 EPS for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.03. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. The company had revenue of C$1.52 billion during the quarter, compared to the consensus estimate of C$1.24 billion. Sell-side analysts forecast that Kinross Gold will post 0.4605193 EPS for the current year.
Insider Transactions at Kinross Gold
In other news, Senior Officer Claude J.S. Schimper sold 8,400 shares of Kinross Gold stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$7.64, for a total transaction of C$64,176.00. In related news, Senior Officer Kathleen M. Grandy sold 18,000 shares of Kinross Gold stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$7.27, for a total transaction of C$130,860.00. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of Kinross Gold stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. Insiders sold 143,621 shares of company stock valued at $893,873 in the last 90 days. 0.26% of the stock is currently 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.
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