Analysts Set Kinross Gold Co. (TSE:K) PT at C$38.88

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have earned an average rating of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and four have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$38.88.

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group increased their target price on shares of Kinross Gold from C$29.50 to C$37.00 in a research report on Thursday, October 2nd. Cormark cut shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Desjardins set a C$44.00 target price on Kinross Gold and gave the stock a “buy” rating in a report on Friday, November 28th. Finally, National Bankshares upped their target price on Kinross Gold from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th.

Kinross Gold Stock Up 1.4%

K opened at C$43.45 on Wednesday. The stock’s 50 day moving average price is C$37.81 and its 200 day moving average price is C$31.48. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The stock has a market cap of C$52.45 billion, a P/E ratio of 30.38, a P/E/G ratio of -0.60 and a beta of 1.27. Kinross Gold has a 12 month low of C$14.44 and a 12 month high of C$43.97.

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