Eight Capital Boosts Kinross Gold (TSE:K) Price Target to C$7.50

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Kinross Gold (TSE:K) (NYSE:KGC) had its target price hoisted by investment analysts at Eight Capital from C$5.25 to C$7.50 in a research note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price target suggests a potential upside of 10.13% from the company’s current price.

K has been the subject of several other research reports. Canaccord Genuity raised their price target on Kinross Gold from C$7.25 to C$8.00 in a report on Tuesday. National Bank Financial lifted their target price on Kinross Gold from C$5.75 to C$7.25 and gave the stock an “outperform” rating in a report on Friday, June 28th.

Shares of TSE K traded up C$0.09 during trading hours on Thursday, hitting C$6.81. The company had a trading volume of 4,425,714 shares, compared to its average volume of 3,735,199. The stock has a market capitalization of $8.42 billion and a PE ratio of -116.35. The company has a debt-to-equity ratio of 41.13, a current ratio of 2.88 and a quick ratio of 1.07. Kinross Gold has a 1-year low of C$3.15 and a 1-year high of C$6.86. The firm’s 50 day moving average price is C$5.39.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Equities research analysts expect that Kinross Gold will post 0.13 EPS for the current 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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