Kinross Gold Co. (K) Given Consensus Recommendation of “Buy” by Analysts
Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$5.71.
A number of analysts have commented on the company. CIBC raised Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 target price for the company in a report on Wednesday, May 3rd. Scotiabank reissued a “sector perform” rating and issued a C$5.50 target price on shares of Kinross Gold in a report on Thursday, May 4th. TD Securities lifted their target price on Kinross Gold from C$5.00 to C$5.50 and gave the stock a “buy” rating in a report on Friday, May 5th. Royal Bank Of Canada lifted their target price on Kinross Gold to C$6.50 and gave the stock an “outperform” rating in a report on Tuesday, May 9th. Finally, ValuEngine lowered Kinross Gold from a “hold” rating to a “sell” rating in a report on Thursday, May 11th.
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Shares of Kinross Gold (K) traded down 3.61% on Tuesday, hitting $5.34. The company had a trading volume of 3,588,103 shares. The stock has a market capitalization of $6.66 billion and a PE ratio of 127.14. Kinross Gold has a 52 week low of $3.87 and a 52 week high of $6.48. The firm’s 50 day moving average price is $5.21 and its 200-day moving average price is $5.14.
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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