Kinross Gold Co. (K) Given Consensus Rating of “Buy” by Analysts
Kinross Gold Co. (TSE:K) (NYSE:KGC) has received a consensus recommendation of “Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$5.71.
K has been the subject of a number of recent research reports. BMO Capital Markets upgraded shares of Kinross Gold from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$3.75 to C$5.00 in a report on Monday, May 29th. National Bank Financial restated a “sector perform market weight” rating on shares of Kinross Gold in a report on Thursday, August 3rd.
In related news, insider Claude J.S. Schimper sold 25,000 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of C$5.59, for a total transaction of C$139,750.00.
Shares of Kinross Gold (K) traded down 1.35% during trading on Friday, reaching $5.85. 2,850,265 shares of the company’s stock traded hands. Kinross Gold has a 52-week low of $3.87 and a 52-week high of $6.29. The company’s 50-day moving average is $5.40 and its 200 day moving average is $5.18. The company has a market cap of $7.29 billion and a price-to-earnings ratio of 139.29.
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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