Kinross Gold Receives Average Recommendation of “Buy” from Analysts (TSE:K)
Kinross Gold (TSE:K) has received an average rating of “Buy” from the eleven brokerages that are presently covering the stock, Analyst Ratings Network reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$6.04.
Shares of Kinross Gold (TSE:K) opened at 4.32 on Tuesday. Kinross Gold has a 52 week low of $3.97 and a 52 week high of $6.44. The stock has a 50-day moving average of $4.43 and a 200-day moving average of $4.71.
Kinross Gold (TSE:K) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03.
A number of research firms have recently commented on K. Analysts at Goldman Sachs raised their price target on shares of Kinross Gold from C$4.20 to C$4.50 in a research note on Wednesday. Separately, 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. Finally, 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.
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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