Kinross Gold (TSE:K) Raised to Moderate Buy at Royal Bank Of Canada

Kinross Gold (TSE:K) (NYSE:KGC) was upgraded by equities researchers at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also issued reports on K. Stifel Nicolaus upped their target price on shares of Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. National Bank Financial boosted their price objective on Kinross Gold from C$52.50 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Desjardins set a C$44.00 price objective on Kinross Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$51.50.

Kinross Gold Stock Down 5.3%

Shares of TSE:K opened at C$41.97 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.11 and a debt-to-equity ratio of 9.08. The company has a fifty day simple moving average of C$46.40 and a 200 day simple moving average of C$38.91. The firm has a market cap of C$50.36 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of -0.60 and a beta of 1.11. Kinross Gold has a 12-month low of C$16.03 and a 12-month high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$0.92 EPS for the quarter. The firm had revenue of C$2.68 billion for the quarter. Kinross Gold had a net margin of 33.95% and a return on equity of 30.66%. On average, equities research analysts anticipate that Kinross Gold will post 1.0071259 EPS 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. The company has historically used acquisitions to fuel expansion into new regions and production growth.