Stifel Nicolaus Issues Positive Forecast for Kinross Gold (TSE:K) Stock Price

Kinross Gold (TSE:K) (NYSE:KGC) had its target price upped by Stifel Nicolaus from C$45.00 to C$65.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also commented on K. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. National Bankshares lifted their target price on Kinross Gold from C$52.50 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Desjardins set a C$44.00 price target on shares of Kinross Gold and gave the stock a “buy” rating in a report on Friday, November 28th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$51.50.

Kinross Gold Stock Up 1.0%

K opened at C$46.50 on Tuesday. Kinross Gold has a fifty-two week low of C$14.89 and a fifty-two week high of C$53.57. The firm has a market capitalization of C$56.13 billion, a P/E ratio of 32.52, a PEG ratio of -0.60 and a beta of 1.31. The company’s 50-day moving average is C$42.85 and its 200 day moving average is C$35.64. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

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

About Kinross Gold

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.