Kinross Gold (TSE:K) Price Target Raised to C$22.00

Kinross Gold (TSE:K) (NYSE:KGC) had its target price lifted by National Bankshares from C$20.00 to C$22.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Separately, Stifel Nicolaus increased their price objective on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$17.10.

Kinross Gold Stock Down 6.8 %

Shares of K stock opened at C$16.21 on Tuesday. 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 fifty day moving average price of C$14.89 and a 200 day moving average price of C$13.70. Kinross Gold has a one year low of C$6.46 and a one year high of C$17.63. The stock has a market cap of C$14.09 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.74%. Kinross Gold’s payout ratio is 18.84%.

Insiders Place Their Bets

In other news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of Kinross Gold stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$14.22, for a total transaction of C$1,421,710.00. Also, Director George Nickolas Paspalas acquired 5,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of C$13.79 per share, for a total transaction of C$68,950.00. Over the last quarter, insiders have sold 1,408,122 shares of company stock worth $19,734,883. Insiders own 0.26% of the company’s stock.

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.