Canaccord Genuity Boosts Kinross Gold (TSE:K) Price Target to C$8.00

Kinross Gold (TSE:K) (NYSE:KGC) had its price target upped by investment analysts at Canaccord Genuity from C$7.25 to C$8.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity’s target price would indicate a potential upside of 25.79% from the stock’s previous close.

Separately, National Bank Financial boosted their target price on shares of Kinross Gold from C$5.75 to C$7.25 and gave the company an “outperform” rating in a research report on Friday, June 28th.

Shares of K traded up C$0.31 during trading hours on Tuesday, reaching C$6.36. 5,452,403 shares of the company traded hands, compared to its average volume of 3,679,684. The company has a market capitalization of $7.85 billion and a PE ratio of -116.35. The company has a quick ratio of 1.07, a current ratio of 2.88 and a debt-to-equity ratio of 41.13. Kinross Gold has a 12-month low of C$3.15 and a 12-month high of C$6.40. The stock has a fifty day simple moving average of C$5.31.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Tuesday, May 7th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.07. The business had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$1.08 billion. On average, analysts anticipate that Kinross Gold will post 0.13 EPS for the current fiscal year.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

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