Kinross Gold Co. (K) Receives Average Recommendation of “Buy” from Analysts
Kinross Gold Co. (TSE:K) (NYSE:KGC) has been given an average rating of “Buy” by the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$5.81.
A number of research firms have recently weighed in on K. National Bank Financial reissued a “sector perform market weight” rating on shares of Kinross Gold in a research report on Thursday, August 3rd. Canaccord Genuity upped their target price on Kinross Gold from C$7.00 to C$7.75 in a research note on Friday, September 29th.
Kinross Gold (TSE K) traded up 0.37% during trading on Wednesday, reaching $5.38. The company had a trading volume of 541,254 shares. The stock has a market capitalization of $6.71 billion and a price-to-earnings ratio of 128.10. Kinross Gold has a 1-year low of $3.87 and a 1-year high of $6.29. The firm has a 50-day moving average of $5.49 and a 200-day moving average of $5.29.
In related news, insider Claude J.S. Schimper sold 18,000 shares of Kinross Gold stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of C$5.27, for a total value of C$94,860.00. Over the last three months, insiders have sold 47,708 shares of company stock valued at $254,148.
About Kinross Gold
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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