Stifel Nicolaus Raises Kinross Gold (TSE:K) Price Target to C$11.50

Kinross Gold (TSE:K) (NYSE:KGC) had its target price lifted by Stifel Nicolaus from C$9.00 to C$11.50 in a research report report published on Friday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Separately, National Bank Financial restated an outperform overweight rating on shares of Kinross Gold in a research report on Monday, April 8th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold has an average rating of Buy and a consensus target price of C$10.10.

Kinross Gold Stock Down 4.8 %

K opened at C$8.86 on Friday. The company has a 50 day moving average of C$7.74 and a 200 day moving average of C$7.60. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54. Kinross Gold has a 12 month low of C$5.91 and a 12 month high of C$9.37. The company has a market cap of C$10.90 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of -0.60 and a beta of 1.21.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.03. The company had revenue of C$1.52 billion for the quarter, compared to analyst estimates of C$1.24 billion. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. On average, sell-side analysts expect that Kinross Gold will post 0.4605193 EPS for the current year.

Kinross Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, March 5th. Kinross Gold’s payout ratio is 34.78%.

Insider Buying and Selling at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$7.64, for a total transaction of C$64,176.00. In related news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total value of C$418,609.30. Following the completion of the transaction, the insider now directly owns 3 shares in the company, valued at approximately C$20.10. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total transaction of C$64,176.00. Insiders sold 143,621 shares of company stock valued at $893,873 in the last quarter. Company insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.