Canaccord Genuity Cuts Kinross Gold (K) Price Target to C$6.50

Kinross Gold (TSE:K) (NYSE:KGC) had its target price lowered by Canaccord Genuity from C$7.50 to C$6.50 in a research note issued to investors on Thursday morning.

Several other equities research analysts have also recently weighed in on K. Barclays reissued an overweight rating and issued a C$4.00 price target on shares of Kinross Gold in a research note on Wednesday, October 10th. National Bank Financial increased 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Kinross Gold currently has a consensus rating of Hold and an average target price of C$6.00.

Kinross Gold stock opened at C$3.83 on Thursday. Kinross Gold has a 12 month low of C$3.42 and a 12 month high of C$5.90.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Wednesday, August 1st. The company reported C$0.04 EPS for the quarter, meeting the consensus estimate of C$0.04. The firm had revenue of C$1 billion during the quarter, compared to the consensus estimate of C$1.05 billion. Kinross Gold had a return on equity of 5.54% and a net margin of 7.26%.

In other 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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