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Dundee Securities initiated coverage on shares of Kinross Gold Corp (NYSE:KGC) in a research note issued on Tuesday, American Banking News reports. The firm set a “buy” rating on the stock.

A number of other analysts have also recently weighed in on KGC. Analysts at Barclays cut their price target on shares of Kinross Gold Corp from $7.00 to $6.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at TD Securities downgraded shares of Kinross Gold Corp from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 9th. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Kinross Gold Corp from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $5.00 price target on the stock, down previously from $7.00. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.56.

Shares of Kinross Gold Corp (NYSE:KGC) traded up 1.69% on Tuesday, hitting $4.82. The stock had a trading volume of 6,413,444 shares. Kinross Gold Corp has a 52-week low of $4.23 and a 52-week high of $9.91. The stock has a 50-day moving average of $4.51 and a 200-day moving average of $4.. The company’s market cap is $5.511 billion.

Kinross Gold Corp (NYSE:KGC) last announced its earnings results on Wednesday, November 13th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $876.30 million for the quarter, compared to the consensus estimate of $762.84 million. During the same quarter last year, the company posted $0.22 earnings per share. Kinross Gold Corp’s revenue was down 21.0% compared to the same quarter last year. On average, analysts predict that Kinross Gold Corp will post $0.33 earnings per share for the current fiscal year.

Kinross Gold Corporation (NYSE:KGC) 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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