Kinross Gold (TSE:K) Stock Price Expected to Rise, National Bankshares Analyst Says

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective hoisted by National Bankshares from C$46.00 to C$50.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 32.84% from the company’s previous close.

Several other equities analysts have also issued reports on K. Cormark lowered Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Canaccord Genuity Group boosted their price target on shares of Kinross Gold from C$29.50 to C$37.00 in a research note on Thursday, October 2nd. Finally, Desjardins set a C$44.00 price objective on shares of Kinross Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Four research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$38.88.

Kinross Gold Stock Up 0.9%

Kinross Gold stock opened at C$37.64 on Tuesday. Kinross Gold has a fifty-two week low of C$12.97 and a fifty-two week high of C$40.26. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The firm has a 50 day moving average price of C$35.39 and a 200 day moving average price of C$28.64. The company has a market capitalization of C$45.44 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$0.44 EPS for the quarter. Kinross Gold had a return on equity of 11.72% and a net margin of 15.23%.The company had revenue of C$2.51 billion for the quarter. Research analysts expect that Kinross Gold will post 1.0071259 earnings per share for the current 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.