Kinross Gold (TSE:K) Stock Price Expected to Rise, National Bankshares Analyst Says

by · The Markets Daily

Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) had its price target raised by analysts at National Bankshares from C$46.00 to C$50.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 33.69% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Cormark cut Kinross Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. 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. Finally, Canaccord Genuity Group boosted their price target on Kinross Gold from C$29.50 to C$37.00 in a report on Thursday, October 2nd. Four investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kinross Gold has an average rating of “Buy” and a consensus target price of C$38.88.

Check Out Our Latest Stock Analysis on Kinross Gold

Kinross Gold Price Performance

TSE K traded up C$0.73 during trading hours on Tuesday, reaching C$37.40. 1,786,954 shares of the stock traded hands, compared to its average volume of 3,857,416. 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 50 day simple moving average of C$35.29 and a two-hundred day simple moving average of C$28.46. Kinross Gold has a 1 year low of C$12.97 and a 1 year high of C$40.26. The company has a market cap of C$45.15 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.44 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 for the quarter. On average, analysts predict that Kinross Gold will post 1.0071259 EPS for the current fiscal year.

Kinross Gold Company Profile

(Get Free Report)

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.

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