Kinross Gold (TSE:K – Free Report) (NYSE:KGC) had its price objective trimmed by National Bank Financial from C$42.50 to C$40.00 in a report published on Friday morning,BayStreet reports. The firm currently has an outperform rating on the stock.
A number of other research firms have also issued reports on K. BMO Capital Markets reduced their target price on shares of Kinross Gold from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a report on Thursday, September 24th. Desjardins reduced their target price on Kinross Gold from C$58.00 to C$53.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Jefferies Financial Group decreased their price target on Kinross Gold from C$41.00 to C$38.00 in a report on Monday, July 6th. Finally, ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$41.00 to C$45.00 in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, Kinross Gold has a consensus rating of “Buy” and a consensus price target of C$48.17.
Check Out Our Latest Report on K
Kinross Gold Price Performance
TSE K opened at C$28.16 on Friday. The company has a debt-to-equity ratio of 7.56, a quick ratio of 1.11 and a current ratio of 2.87. The stock has a market capitalization of C$33.17 billion, a PE ratio of 10.67, a P/E/G ratio of -0.60 and a beta of 1.75. The stock has a 50-day simple moving average of C$37.06 and a 200 day simple moving average of C$39.99. Kinross Gold has a twelve month low of C$27.50 and a twelve month high of C$53.57.
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$0.71 earnings per share for the quarter. The firm had revenue of C$2.53 billion during the quarter. Kinross Gold had a net margin of 37.64% and a return on equity of 34.13%. Research analysts anticipate that Kinross Gold will post 1.01 EPS for the current year.
Insider Transactions at Kinross Gold
In related news, insider Daniel Fombonne sold 2,003 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total value of C$77,075.44. Following the sale, the insider owned 16,155 shares of the company’s stock, valued at C$621,644.40. The trade was a 11.03% decrease in their position. Also, insider Laurence Davies sold 1,335 shares of Kinross Gold stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total value of C$51,370.80. Following the sale, the insider directly owned 11,855 shares of the company’s stock, valued at approximately C$456,180.40. This trade represents a 10.12% decrease in their ownership of the stock. In the last three months, insiders have sold 33,338 shares of company stock worth $1,351,546. 0.26% of the stock is currently owned by insiders.
Key Kinross Gold News
Here are the key news stories impacting Kinross Gold this week:
- Positive Sentiment: Strong quarterly earnings: Kinross reported third-quarter net earnings of US$583.2 million and adjusted EPS of approximately C$0.71, supported by a 37.64% net margin and 34.13% return on equity. Revenue was about C$2.53 billion. Kinross Gold third-quarter net earnings
- Positive Sentiment: Analyst remains bullish: National Bank Financial lowered its price target from C$42.50 to C$40.00 but retained an “outperform” rating, implying substantial upside from current levels. The target reduction likely reflects more cautious assumptions rather than a change to the firm’s overall investment view.
- Positive Sentiment: Shareholder return maintained: Kinross declared a common-share dividend payable December 3, supporting the income component of the investment case. Kinross Gold dividend announcement
- Neutral Sentiment: Production update: The company provided third-quarter and nine-month production guidance, giving investors additional information to assess operating performance and full-year delivery. Kinross Gold production guidance
- Negative Sentiment: Safety and operating risks: Two workers died following separate accidents at Kinross operations, creating significant safety, reputational and potential regulatory risks. Two workers die after Kinross Gold accidents
- Negative Sentiment: Sales and project concerns: Coverage of the Q3 results highlighted declining sales, cash-flow considerations and project risk. These issues may temper the benefit of strong net income and raise questions about production execution and future growth. Kinross Gold Q3 results and project risk
- Negative Sentiment: Reduced price target: Although the “outperform” recommendation was retained, National Bank’s target cut signals less near-term confidence in Kinross’s valuation or operating outlook.
About Kinross Gold
Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Our focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth, and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
See Also
- Five stocks we like better than Kinross Gold
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.
