Kinross Gold Co. (TSE:K) (NYSE:KGC) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$6.59.
A number of equities analysts have recently weighed in on the stock. Eight Capital reaffirmed a “neutral” rating on shares of Kinross Gold in a research note on Thursday, November 16th. National Bank Financial upped their price target on shares of Kinross Gold from C$6.50 to C$7.50 in a research note on Friday, January 26th. Macquarie upped 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 report on Monday, November 13th. Canaccord Genuity upped their price objective on shares of Kinross Gold from C$9.25 to C$10.50 in a report on Friday, January 19th. Finally, Desjardins reiterated a “sell” rating on shares of Kinross Gold in a report on Monday, December 11th.
In other Kinross Gold news, insider Claude J.S. Schimper sold 65,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of C$4.53, for a total transaction of C$294,450.00. Also, insider Michel Sylvestre sold 10,385 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$5.36, for a total transaction of C$55,663.60. Insiders sold 117,190 shares of company stock valued at $555,942 over the last quarter.
Kinross Gold (K) traded up C$0.07 during midday trading on Friday, hitting C$4.80. 1,310,586 shares of the stock were exchanged, compared to its average volume of 3,329,730. Kinross Gold has a 1-year low of C$4.24 and a 1-year high of C$6.29. The firm has a market capitalization of $5,900.00, a P/E ratio of 10.64 and a beta of -0.02.
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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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