Kinross Gold (NYSE:KGC) (TSE:K) had its price objective reduced by equities researchers at Royal Bank of Canada from $5.50 to $5.00 in a research note issued on Monday. The firm currently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 40.45% from the stock’s current price.
A number of other equities research analysts have also issued reports on KGC. Desjardins reiterated a “sell” rating on shares of Kinross Gold in a research note on Monday, December 11th. BMO Capital Markets set a $5.00 price target on Kinross Gold and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating and set a $4.50 price target for the company in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.83.
Shares of Kinross Gold (NYSE:KGC) traded down $0.01 during mid-day trading on Monday, reaching $3.56. The company’s stock had a trading volume of 5,430,478 shares, compared to its average volume of 10,924,622. Kinross Gold has a 1-year low of $3.15 and a 1-year high of $4.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.90 and a quick ratio of 2.03. The stock has a market cap of $4,400.00, a price-to-earnings ratio of 10.14 and a beta of 0.41.
About Kinross Gold
Kinross Gold Corporation is a gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
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