Eight Capital Boosts Kinross Gold (TSE:K) Price Target to C$11.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price target raised by Eight Capital from C$10.00 to C$11.00 in a report released on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

K has been the subject of several other research reports. Stifel Nicolaus lifted their price objective on Kinross Gold from C$9.00 to C$11.50 and gave the stock a buy rating in a report on Friday, April 19th. National Bank Financial reiterated an outperform overweight rating on shares of Kinross Gold in a research report on Monday, April 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold has a consensus rating of Buy and a consensus price target of C$10.70.

Kinross Gold Stock Performance

Shares of K opened at C$9.04 on Monday. The company has a debt-to-equity ratio of 36.54, a current ratio of 2.63 and a quick ratio of 1.11. Kinross Gold has a one year low of C$5.91 and a one year high of C$9.37. The firm has a market capitalization of C$11.12 billion, a P/E ratio of 19.65, a PEG ratio of -0.60 and a beta of 1.21. The business has a fifty day moving average of C$7.83 and a 200 day moving average of C$7.63.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.03. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. The company had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.24 billion. As a group, sell-side analysts anticipate 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 given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.77%. Kinross Gold’s dividend payout ratio is currently 34.78%.

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the business’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 Kathleen M. Grandy sold 18,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$7.27, for a total value of C$130,860.00. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. Over the last three months, insiders have sold 143,621 shares of company stock worth $893,873. Corporate 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.