Kinross Gold (TSE:K) Upgraded at Desjardins

Desjardins upgraded shares of Kinross Gold (TSE:K) (NYSE:KGC) to a moderate buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other brokerages also recently issued reports on K. UBS Group raised Kinross Gold to a “strong-buy” rating in a research report on Monday, August 4th. Cormark downgraded Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. National Bankshares raised their target price on Kinross Gold from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group upped their price target on Kinross Gold from C$29.50 to C$37.00 in a report on Thursday, October 2nd. Four investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and a consensus price target of C$33.38.

Kinross Gold Trading Up 2.7%

TSE:K opened at C$39.38 on Thursday. The company’s 50 day moving average is C$34.72 and its 200-day moving average is C$27.62. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. Kinross Gold has a 12 month low of C$12.97 and a 12 month high of C$39.56. The firm has a market cap of C$47.54 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of -0.60 and a beta of 1.21.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.44 earnings per share (EPS) for the quarter. The business had revenue of C$2.51 billion during the quarter. Kinross Gold had a net margin of 15.23% and a return on equity of 11.72%. Equities analysts anticipate that Kinross Gold will post 1.0071259 EPS for the current year.

Kinross Gold Company Profile

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.