Kinross Gold (K) Shares Up 2.1%
Kinross Gold Co. (TSE:K) (NYSE:KGC) shot up 2.1% during mid-day trading on Tuesday . The company traded as high as C$5.38 and last traded at C$5.36. 3,064,988 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 2,937,220 shares. The stock had previously closed at C$5.25.
Several equities research analysts recently weighed in on K shares. Eight Capital reaffirmed a “neutral” rating on shares of Kinross Gold in a research note on Thursday, November 16th. Macquarie upped their target price on shares of Kinross Gold from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Canaccord Genuity upped their target price on shares of Kinross Gold from C$7.75 to C$8.00 in a research note on Friday, October 20th. Finally, Desjardins reaffirmed a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$6.46.
The stock has a market cap of $7,050.00, a price-to-earnings ratio of 51.36 and a beta of -0.30.
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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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