Kinross Gold Co. (TSE:K) (NYSE:KGC) rose 6.5% on Wednesday . The company traded as high as C$5.35 and last traded at C$5.27. Approximately 2,874,259 shares were traded during trading, a decline of 11% from the average daily volume of 3,212,427 shares. The stock had previously closed at C$4.95.
K has been the topic of a number of recent analyst reports. National Bank Financial lifted their price target on Kinross Gold from C$6.50 to C$7.50 in a report on Friday, January 26th. Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research note on Thursday, November 16th. Canaccord Genuity raised their price objective on shares of Kinross Gold from C$9.25 to C$10.50 in a research note on Friday, January 19th. Desjardins reiterated a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. Finally, Macquarie raised their price objective on shares of Kinross Gold from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Two investment 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. The company has an average rating of “Buy” and a consensus price target of C$6.59.
The firm has a market capitalization of $6,610.00, a P/E ratio of 48.18 and a beta of -0.18.
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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 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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