Kinross Gold Now Covered by Analysts at Canaccord Genuity (K)
Stock analysts at Canaccord Genuity started coverage on shares of Kinross Gold (TSE:K) in a report issued on Thursday, AnalystRatings.NET reports. The firm set a “hold” rating on the stock.
Shares of Kinross Gold (TSE:K) traded up 2.90% on Thursday, hitting $5.32. 8,396,192 shares of the company’s stock traded hands. Kinross Gold has a 52-week low of $4.74 and a 52-week high of $10.44. The stock’s 50-day moving average is $5.68 and its 200-day moving average is $6.14.
Kinross Gold (TSE:K) last released its earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.03. During the same quarter in the prior year, the company posted $0.14 earnings per share.
K has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Kinross Gold from C$7.25 to C$7.00 in a research note to investors on Tuesday, October 8th. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Kinross Gold in a research note to investors on Friday, September 20th. They set a “sell” rating and a C$4.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Kinross Gold from C$9.00 to C$8.00 in a research note to investors on Thursday, September 19th. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$7.32.
Kinross Gold Corporation (TSE:K) is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties.
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