Analysts Set Kinross Gold Co. (K) Price Target at $5.81
Kinross Gold Co. (TSE:K) (NYSE:KGC) has received a consensus rating of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$5.81.
A number of brokerages have recently commented on K. Canaccord Genuity upped their price objective on shares of Kinross Gold from C$7.00 to C$7.75 in a research report on Friday, September 29th. National Bank Financial reissued a “sector perform market weight” rating on shares of Kinross Gold in a research report on Thursday, August 3rd.
Kinross Gold (TSE K) opened at 5.36 on Wednesday. The firm has a market capitalization of $6.68 billion and a P/E ratio of 127.62. The company has a 50-day moving average price of $5.48 and a 200-day moving average price of $5.30. Kinross Gold has a 1-year low of $3.87 and a 1-year high of $6.29.
In related news, insider Claude J.S. Schimper sold 18,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of C$5.27, for a total value of C$94,860.00. Insiders sold 52,259 shares of company stock valued at $273,353 in the last three months.
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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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