Kinross Gold Co. (TSE:K) (NYSE:KGC) has been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$5.67.
Several brokerages have issued reports on K. Beacon Securities reiterated a “buy” rating on shares of Kinross Gold in a report on Monday, November 19th. Canaccord Genuity dropped their target price on shares of Kinross Gold from C$7.50 to C$6.50 in a report on Thursday, October 18th. Finally, Barclays reiterated an “overweight” rating and set a C$4.00 target price on shares of Kinross Gold in a report on Wednesday, October 10th.
Kinross Gold stock traded up C$0.01 during midday trading on Monday, hitting C$3.78. 5,003,200 shares of the company’s stock were exchanged, compared to its average volume of 2,970,828. The company has a current ratio of 3.07, a quick ratio of 1.10 and a debt-to-equity ratio of 37.89. Kinross Gold has a 12 month low of C$3.15 and a 12 month high of C$5.90.
Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Wednesday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.01 by C($0.06). The business had revenue of C$985.28 million for the quarter, compared to the consensus estimate of C$985.28 million. Equities analysts expect that Kinross Gold will post 0.12 EPS for the current fiscal year.
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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