Canaccord Genuity Boosts Kinross Gold (TSE:K) Price Target to C$7.25

Kinross Gold (TSE:K) (NYSE:KGC) had its target price increased by Canaccord Genuity from C$6.50 to C$7.25 in a report issued on Friday, BayStreet.CA reports.

Separately, National Bank Financial cut shares of Detour Gold to a hold rating in a research note on Friday, June 28th.

Shares of TSE:K opened at C$5.61 on Friday. Kinross Gold has a 1-year low of C$3.15 and a 1-year high of C$5.72. The firm has a market cap of $7.03 billion and a PE ratio of -107.88. The company has a debt-to-equity ratio of 41.71, a quick ratio of 1.01 and a current ratio of 3.02. The stock’s fifty day simple moving average is C$4.95.

Kinross Gold (TSE:K) (NYSE:KGC) last released its earnings results on Tuesday, May 7th. The company reported C$0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.02 by C$0.07. The firm had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$1.08 billion. Analysts anticipate that Kinross Gold will post 0.13 earnings per share 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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