Kinross Gold (TSE:K) (NYSE:KGC) had its target price raised by Canaccord Genuity from C$9.25 to C$10.50 in a research note issued on Friday, January 19th. Canaccord Genuity’s price objective would indicate a potential upside of 95.90% from the company’s current price.
A number of other research analysts have also recently commented on K. Macquarie upped their price target on 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. Desjardins restated a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. Finally, Eight Capital restated a “neutral” rating on shares of Kinross Gold in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$6.59.
Kinross Gold (TSE K) traded up C$0.41 during mid-day trading on Friday, hitting C$5.36. The stock had a trading volume of 7,851,379 shares, compared to its average volume of 3,368,700. Kinross Gold has a 1-year low of C$4.24 and a 1-year high of C$6.29. The stock has a market capitalization of $6,610.00, a price-to-earnings ratio of 48.18 and a beta of -0.18.
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About Kinross Gold
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The company's 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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