Kinross Gold Co. (TSE:K) (NYSE:KGC)’s share price shot up 3.8% during mid-day trading on Monday . The stock traded as high as C$5.42 and last traded at C$5.42. 4,351,895 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 2,370,130 shares. The stock had previously closed at C$5.22.

Several brokerages recently issued reports on K. Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research report on Thursday, November 16th. Macquarie boosted their price objective on Kinross Gold from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Monday, November 13th. Canaccord Genuity upped their price target on Kinross Gold from C$7.75 to C$8.00 in a research report on Friday, October 20th. Finally, Desjardins reaffirmed a “sell” rating on shares of Kinross Gold in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kinross Gold presently has a consensus rating of “Buy” and an average target price of C$6.11.

The stock has a market capitalization of $6,920.00, a PE ratio of 50.45 and a beta of -0.30.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Wednesday, November 8th. The company reported C$0.09 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.06. Kinross Gold had a return on equity of 5.54% and a net margin of 7.26%.

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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.

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