Brokerages Set Kinross Gold Co. (K) PT at $5.99
Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been given a consensus rating of “Buy” by the eleven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$5.99.
Several research firms have recently weighed in on K. National Bank Financial restated a “sector perform market weight” rating on shares of Kinross Gold in a report on Thursday, August 3rd. Canaccord Genuity boosted their price target on Kinross Gold from C$7.00 to C$7.75 in a report on Friday, September 29th. Macquarie boosted their price target 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, Eight Capital restated a “neutral” rating on shares of Kinross Gold in a report on Thursday, November 16th.
Kinross Gold (TSE:K) traded down C$0.06 during trading hours on Thursday, hitting C$5.40. The stock had a trading volume of 1,080,000 shares, compared to its average volume of 2,180,000. Kinross Gold has a 52 week low of C$3.87 and a 52 week high of C$6.29.
In related news, insider Claude J.S. Schimper sold 18,000 shares of the company’s stock in a transaction that occurred 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.
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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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