Kinross Gold Receives Consensus Rating of “Hold” from Brokerages (TSE:K)
Kinross Gold (TSE:K) has been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the company, AnalystRatings.NET reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$6.41.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Kinross Gold from C$6.75 to C$6.50 in a research note on Thursday. Separately, analysts at RBC Capital cut their price target on shares of Kinross Gold from C$7.00 to C$5.75 in a research note on Wednesday. They now have an “outperform” rating on the stock.
Kinross Gold (TSE:K) opened at 4.68 on Wednesday. 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 $4.39 and its 200-day moving average is $4.83.
Kinross Gold (TSE:K) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the 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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