Kinross Gold (TSE:K) Given New C$65.00 Price Target at Stifel Nicolaus

Kinross Gold (TSE:K) (NYSE:KGC) had its price target hoisted by equities researchers at Stifel Nicolaus from C$45.00 to C$65.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 41.12% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Cormark downgraded 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 objective on shares of Kinross Gold and gave the stock a “buy” rating in a report on Friday, November 28th. Finally, National Bankshares raised their target price on Kinross Gold from C$52.50 to C$60.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$51.50.

Kinross Gold Price Performance

Shares of Kinross Gold stock traded up C$0.04 on Tuesday, hitting C$46.06. The company’s stock had a trading volume of 1,267,272 shares, compared to its average volume of 5,108,241. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. The firm has a fifty day moving average price of C$42.69 and a 200-day moving average price of C$35.47. The company has a market capitalization of C$55.60 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of -0.60 and a beta of 1.31. Kinross Gold has a 52-week low of C$14.89 and a 52-week high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data 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 net margin of 15.23% and a return on equity of 11.72%. On average, equities research analysts expect 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.