Kinross Gold Co. (K) Receives Average Recommendation of “Buy” from Brokerages

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received an average rating of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$5.99.

K has been the subject of a number of research reports. Desjardins reiterated a “sell” rating on shares of Kinross Gold in a report on Monday, December 11th. Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a report on Thursday, November 16th. Macquarie increased their target price on Kinross Gold from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Finally, Canaccord Genuity increased their target price on Kinross Gold from C$7.75 to C$8.00 in a report on Friday, October 20th.

In other Kinross Gold news, insider Claude J.S. Schimper sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of C$5.27, for a total transaction of C$94,860.00.

Shares of Kinross Gold (TSE K) opened at C$5.19 on Monday. Kinross Gold has a 12 month low of C$3.87 and a 12 month high of C$6.29.

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Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.

Analyst Recommendations for Kinross Gold (TSE:K)

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