Kinross Gold PT Raised to C$4.50 at Goldman Sachs (K)
Analysts at Goldman Sachs hoisted their price target on shares of Kinross Gold (TSE:K) from C$4.20 to C$4.50 in a research report issued to clients and investors on Wednesday. Goldman Sachs’ target price points to a potential upside of 2.04% from the stock’s previous close.
A number of other firms have also recently commented on K. 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$6.04.
Shares of Kinross Gold (TSE:K) traded up 0.91% during mid-day trading on Wednesday, hitting $4.45. The stock had a trading volume of 467,550 shares. 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 $4.44 and its 200-day moving average is $4.73.
Kinross Gold (TSE:K) last posted its quarterly earnings results on Thursday, July 31st. 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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