BMO Capital Markets Increases Kinross Gold (TSE:K) Price Target to C$55.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective boosted by stock analysts at BMO Capital Markets from C$45.00 to C$55.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 25.17% from the company’s current price.

K has been the topic of several other research reports. Stifel Nicolaus upped their target price on shares of Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Royal Bank Of Canada raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, National Bank Financial decreased their price objective on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Kinross Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$51.70.

Kinross Gold Price Performance

Shares of TSE:K opened at C$43.94 on Wednesday. The business has a fifty day moving average price of C$44.50 and a 200-day moving average price of C$41.20. The company has a debt-to-equity ratio of 9.08, a current ratio of 2.35 and a quick ratio of 1.11. The company has a market capitalization of C$52.62 billion, a PE ratio of 22.53, a PEG ratio of -0.60 and a beta of 1.48. Kinross Gold has a 1-year low of C$18.53 and a 1-year high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, February 18th. The company reported C$0.92 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 33.95% and a return on equity of 30.66%. The company had revenue of C$2.68 billion for the quarter. As a group, equities analysts expect that Kinross Gold will post 1.0071259 EPS for the current fiscal year.

Insider Buying and Selling

In other Kinross Gold news, insider Afjal Hashim sold 16,980 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$37.20, for a total value of C$631,656.00. Following the completion of the transaction, the insider owned 28,306 shares of the company’s stock, valued at approximately C$1,052,983.20. The trade was a 37.50% decrease in their position. Insiders own 0.26% of the company’s stock.

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.