Kinross Gold (TSE:K) Price Target Raised to C$60.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective lifted by National Bankshares from C$52.50 to C$60.00 in a research report released on Wednesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. Desjardins set a C$44.00 price target on Kinross Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and an average price target of C$41.38.

Kinross Gold Stock Up 2.5%

Shares of TSE K opened at C$43.81 on Wednesday. The company has a market cap of C$52.88 billion, a price-to-earnings ratio of 30.64, a PEG ratio of -0.60 and a beta of 1.31. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. Kinross Gold has a 12 month low of C$14.89 and a 12 month high of C$53.57. The stock has a 50-day moving average price of C$42.56 and a two-hundred day moving average price of C$35.11.

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