Kinross Gold (TSE:K) PT Raised to C$18.00 at Stifel Nicolaus

Kinross Gold (TSE:K) (NYSE:KGC) had its price target raised by Stifel Nicolaus from C$14.50 to C$18.00 in a research note issued to investors on Monday, BayStreet.CA reports.

K has been the subject of several other research reports. Eight Capital raised their target price on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Canaccord Genuity Group cut their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Finally, National Bankshares upped their target price on shares of Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Kinross Gold presently has an average rating of “Buy” and an average target price of C$16.70.

Kinross Gold Trading Up 0.5 %

Shares of K stock opened at C$14.90 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. Kinross Gold has a twelve month low of C$6.46 and a twelve month high of C$14.95. The company’s 50-day moving average price is C$12.86 and its 200-day moving average price is C$11.42. The stock has a market cap of C$18.33 billion, a price-to-earnings ratio of 27.59, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. The company had revenue of C$1.67 billion for the quarter, compared to analyst estimates of C$1.39 billion. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. As a group, equities analysts predict that Kinross Gold will post 1.0071259 earnings per share for the current year.

Kinross Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a $0.041 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, August 22nd. This is an increase from Kinross Gold’s previous quarterly dividend of $0.03. Kinross Gold’s payout ratio is currently 29.63%.

Insider Buying and Selling

In related news, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. In the last 90 days, insiders have sold 21,163 shares of company stock valued at $273,407. Corporate insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.