Kinross Gold Co. (K) Given Neutral Rating at Eight Capital
Kinross Gold Co. (TSE:K) (NYSE:KGC)‘s stock had its “neutral” rating reissued by research analysts at Eight Capital in a note issued to investors on Thursday.
Several other equities research analysts have also commented on the company. Macquarie upped their target price on Kinross Gold from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Monday. Canaccord Genuity increased their price target on Kinross Gold from C$7.75 to C$8.00 in a report on Friday, October 20th. Finally, National Bank Financial reiterated a “sector perform market weight” rating on shares of Kinross Gold in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$5.99.
Kinross Gold (K) traded up C$0.11 during midday trading on Thursday, hitting C$5.58. The company’s stock had a trading volume of 2,204,333 shares, compared to its average volume of 4,223,053. Kinross Gold has a 1 year low of C$3.87 and a 1 year high of C$6.29.
In other news, insider Claude J.S. Schimper sold 18,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of C$5.27, for a total value of C$94,860.00. Insiders sold 47,551 shares of company stock valued at $253,815 over the last ninety days.
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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