Kinross Gold Price Target Lowered to C$5.75 at RBC Capital (K)
Equities researchers at RBC Capital decreased their target price on shares of Kinross Gold (TSE:K) from C$7.00 to C$5.75 in a research report issued on Wednesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 23.66% from the stock’s previous close.
Separately, analysts at Canaccord Genuity cut their price target on shares of Kinross Gold from C$7.00 to C$6.75 in a research note on Thursday, April 17th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Kinross Gold has an average rating of “Buy” and a consensus target price of C$6.44.
Shares of Kinross Gold (TSE:K) traded up 2.88% during mid-day trading on Wednesday, hitting $4.65. 2,072,678 shares of the company’s stock traded hands. Kinross Gold has a one year low of $3.97 and a one year high of $6.44. The stock’s 50-day moving average is $4.37 and its 200-day moving average is $4.8.
Kinross Gold (TSE:K) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.03 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.03.
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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