Kinross Gold (K) Reaches New 1-Year Low at $3.29

Kinross Gold Co. (TSE:K) (NYSE:KGC) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$3.29 and last traded at C$3.52, with a volume of 2902390 shares changing hands. The stock had previously closed at C$3.52.

K has been the topic of a number of analyst reports. National Bank Financial cut their price target on Kinross Gold from C$6.50 to C$6.25 in a report on Saturday, July 14th. Canaccord Genuity cut their price target on Kinross Gold from C$9.00 to C$8.00 in a report on Tuesday, July 24th. Finally, Barclays reiterated an “overweight” rating and issued a C$4.00 price target on shares of Kinross Gold in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of C$6.00.

The company has a current ratio of 3.71, a quick ratio of 1.76 and a debt-to-equity ratio of 37.29.

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About Kinross Gold (TSE:K)

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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