Kinross Gold Co. (K) Receives Consensus Recommendation of “Buy” from Analysts
Kinross Gold Co. (TSE:K) (NYSE:KGC) has received a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$5.71.
K has been the topic of several recent analyst reports. BMO Capital Markets upgraded shares of Kinross Gold from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$3.75 to C$5.00 in a research note on Monday, May 29th. Scotiabank restated a “sector perform” rating and issued a C$5.50 target price on shares of Kinross Gold in a research note on Thursday, May 4th. ValuEngine cut Kinross Gold from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. CIBC raised Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 price target for the company in a report on Wednesday, May 3rd. Finally, Royal Bank Of Canada lifted their price target on Kinross Gold to C$6.50 and gave the company an “outperform” rating in a report on Tuesday, May 9th.
Kinross Gold (TSE:K) traded down 0.56% during mid-day trading on Tuesday, hitting $5.30. 721,457 shares of the company were exchanged. Kinross Gold has a 12-month low of $3.87 and a 12-month high of $6.74. The stock’s 50 day moving average is $5.21 and its 200-day moving average is $5.13. The company has a market cap of $6.61 billion and a price-to-earnings ratio of 126.19.
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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