Kinross Gold (TSE:K) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Kinross Gold (TSE:K) (NYSE:KGC) had its price objective lifted by research analysts at Stifel Nicolaus from C$45.00 to C$65.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 37.33% from the stock’s previous close.

A number of other analysts have also recently issued reports on K. Desjardins set a C$44.00 target price on shares of Kinross Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Cormark lowered shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, National Bank Financial upped their price objective on shares of Kinross Gold from C$52.50 to C$60.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$51.50.

Kinross Gold Stock Performance

K stock opened at C$47.33 on Tuesday. The company has a market capitalization of C$57.13 billion, a P/E ratio of 33.10, a PEG ratio of -0.60 and a beta of 1.31. 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 company has a 50-day simple moving average of C$43.04 and a 200 day simple moving average of C$35.72. Kinross Gold has a fifty-two week low of C$14.89 and a fifty-two week high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its earnings results on Tuesday, November 4th. The company reported C$0.44 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%. Sell-side analysts predict 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.