Macquarie Increases Kinross Gold Co. (K) Price Target to C$7.00

Kinross Gold Co. (TSE:K) (NYSE:KGC) had its price target boosted by analysts at Macquarie from C$6.00 to C$7.00 in a research report issued on Monday. The firm presently has an “outperform” rating on the stock. Macquarie’s price objective suggests a potential upside of 28.44% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity increased their price target on shares of Kinross Gold from C$7.75 to C$8.00 in a research report on Friday, October 20th. National Bank Financial restated a “sector perform market weight” rating on shares of Kinross Gold in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$5.99.

Shares of Kinross Gold (TSE:K) traded down C$0.08 on Monday, reaching C$5.45. 3,271,383 shares of the company were exchanged, compared to its average volume of 4,258,231. Kinross Gold has a 1-year low of C$3.87 and a 1-year high of C$6.29.

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In other Kinross Gold 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 transaction of C$94,860.00. Insiders have sold 47,551 shares of company stock valued at $253,815 in the last three months.

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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