Kinross Gold (TSE:K) Upgraded by Royal Bank Of Canada to “Moderate Buy” Rating

Kinross Gold (TSE:K) (NYSE:KGC) was upgraded by investment analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a report issued on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Stifel Nicolaus boosted their target price on Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. National Bank Financial boosted their price objective on Kinross Gold from C$52.50 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Desjardins set a C$44.00 target price on Kinross Gold and gave the stock a “buy” rating in a research note on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$51.50.

Kinross Gold Trading Up 0.2%

Shares of K opened at C$44.33 on Thursday. Kinross Gold has a 52-week low of C$16.03 and a 52-week high of C$53.57. The stock has a market cap of C$53.19 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of -0.60 and a beta of 1.11. The firm’s fifty day moving average is C$46.34 and its two-hundred day moving average is C$38.81. The company has a quick ratio of 1.11, a current ratio of 2.35 and a debt-to-equity ratio of 9.08.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Wednesday, February 18th. The company reported C$0.92 earnings per share for the quarter. Kinross Gold had a net margin of 33.95% and a return on equity of 30.66%. The firm had revenue of C$2.68 billion for the quarter. Research analysts forecast that Kinross Gold will post 1.0071259 earnings per share for the current fiscal year.

Kinross Gold Company Profile

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.