Kinross Gold’s (K) “Overweight” Rating Reiterated at Barclays

Barclays restated their overweight rating on shares of Kinross Gold (TSE:K) (NYSE:KGC) in a research note published on Wednesday morning. They currently have a C$4.00 price target on the stock.

Other equities analysts have also issued research reports about the company. National Bank Financial upped their price target on Kinross Gold from C$6.25 to C$6.50 and gave the company an outperform rating in a research note on Friday, August 3rd. Canaccord Genuity cut their price target on Kinross Gold from C$9.00 to C$8.00 in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Kinross Gold currently has a consensus rating of Hold and a consensus price target of C$6.38.

Kinross Gold stock opened at C$3.76 on Wednesday. Kinross Gold has a 52 week low of C$3.42 and a 52 week high of C$5.90.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, August 1st. The company reported C$0.04 EPS for the quarter, hitting analysts’ consensus estimates of C$0.04. The company had revenue of C$1 billion for the quarter, compared to analyst estimates of C$1.05 billion. Kinross Gold had a return on equity of 5.54% and a net margin of 7.26%.

In other Kinross Gold news, insider Claude J.S. Schimper sold 14,535 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of C$4.30, for a total value of C$62,500.50.

Kinross Gold Company Profile

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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Analyst Recommendations for Kinross Gold (TSE:K)

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