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.
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.
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