Kinross Gold Receives Consensus Recommendation of “Buy” from Analysts (TSE:K)
Shares of Kinross Gold (TSE:K) have been given an average recommendation of “Buy” by the eleven brokerages that are currently covering the stock, StockRatingsNetwork reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$6.30.
A number of analysts have recently weighed in on K shares. Analysts at Mackie upgraded shares of Kinross Gold from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. They now have a C$6.00 price target on the stock, down previously from C$6.25. Separately, 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, July 10th. Finally, 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, July 9th. They now have an “outperform” rating on the stock.
Kinross Gold (TSE:K) opened at 4.42 on Tuesday. Kinross Gold has a 52 week low of $3.97 and a 52 week high of $6.44. The stock’s 50-day moving average is $4.44 and its 200-day moving average is $4.73.
Kinross Gold (TSE:K) last released its earnings data on Thursday, July 31st. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters 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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