National Bankshares Issues Positive Forecast for Kinross Gold (TSE:K) Stock Price

Kinross Gold (TSE:K) (NYSE:KGC) had its target price upped by National Bankshares from C$46.00 to C$50.00 in a report released on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts have also commented on the stock. Cormark lowered shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Canaccord Genuity Group increased their target price on shares of Kinross Gold from C$29.50 to C$37.00 in a research report on Thursday, October 2nd. Finally, Desjardins set a C$44.00 target price on shares of Kinross Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Four investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$38.88.

Kinross Gold Stock Up 1.8%

Kinross Gold stock opened at C$37.32 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. The firm has a market cap of C$45.05 billion, a P/E ratio of 26.10, a P/E/G ratio of -0.60 and a beta of 1.24. The business has a fifty day moving average of C$35.34 and a two-hundred day moving average of C$28.58. Kinross Gold has a twelve month low of C$12.97 and a twelve month high of C$40.26.

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