Kinross Gold Co. (TSE:K) (NYSE:KGC) shares were down 8.4% during trading on Thursday . The company traded as low as C$4.82 and last traded at C$4.91. Approximately 7,786,320 shares changed hands during trading, an increase of 123% from the average daily volume of 3,497,587 shares. The stock had previously closed at C$5.36.
Several research firms have commented on K. Canaccord Genuity boosted their target price on shares of Kinross Gold from C$7.75 to C$8.00 in a research report on Friday, October 20th. National Bank Financial boosted their price objective on shares of Kinross Gold from C$6.50 to C$7.50 in a research note on Friday, January 26th. Eight Capital restated a “neutral” rating on shares of Kinross Gold in a research note on Thursday, November 16th. Macquarie boosted their price objective 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. Finally, Desjardins restated a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kinross Gold presently has a consensus rating of “Hold” and an average price target of C$6.59.
The firm has a market capitalization of $6,170.00, a P/E ratio of 11.25 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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