Kinross Gold Receives Average Recommendation of “Hold” from Brokerages (TSE:K)
Kinross Gold (TSE:K) has been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the stock, Analyst Ratings Network reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$6.95.
Shares of Kinross Gold (TSE:K) traded down 0.51% on Wednesday, hitting $5.87. The stock had a trading volume of 3,506,645 shares. Kinross Gold has a one year low of $4.50 and a one year high of $8.45. The stock’s 50-day moving average is $5.04 and its 200-day moving average is $5.22.
Several analysts have recently commented on the stock. Analysts at Dundee Securities reiterated a “buy” rating on shares of Kinross Gold in a research note on Tuesday, January 21st. Separately, analysts at Canaccord Genuity cut their price target on shares of Kinross Gold from C$5.75 to C$5.50 in a research note on Monday, January 13th. They now have a “hold” rating on the stock. Finally, analysts at TD Securities downgraded shares of Kinross Gold from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. They now have a C$5.50 price target on the stock, down previously from C$6.50.
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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