Analysts Set Kinross Gold (K) Target Price at $6.82

Shares of Kinross Gold (TSE:K) (NYSE:KGC) have been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$6.75.

K has been the subject of several recent analyst reports. BMO Capital Markets lowered shares of Kinross Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 10th. Canaccord Genuity boosted their price target on shares of Kinross Gold from C$9.25 to C$10.50 in a report on Friday, January 19th. Finally, National Bank Financial boosted their price target on shares of Kinross Gold from C$6.50 to C$7.50 in a report on Friday, January 26th.

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TSE K traded down C$0.01 on Friday, hitting C$5.01. The company had a trading volume of 152,766 shares, compared to its average volume of 3,078,563. Kinross Gold has a 12-month low of C$4.44 and a 12-month high of C$6.29.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$0.02 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.03). The company had revenue of C$1.03 billion during the quarter, compared to analysts’ expectations of C$1.06 billion. Kinross Gold had a return on equity of 5.54% and a net margin of 7.26%.

In other news, insider Gregory Van Etter sold 80,567 shares of the company’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of C$3.91, for a total transaction of C$315,016.97. Also, insider Paul Botond Stilicho Tomory sold 37,288 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of C$4.93, for a total transaction of C$183,829.84. Insiders have sold 199,089 shares of company stock valued at $876,247 in the last ninety days.

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About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.

Analyst Recommendations for Kinross Gold (TSE:K)

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