Kinross Gold’s (K) “Neutral” Rating Reaffirmed at Eight Capital

Kinross Gold Co. (TSE:K) (NYSE:KGC)‘s stock had its “neutral” rating reaffirmed by equities researchers at Eight Capital in a research note issued on Thursday.

Several other equities analysts have also recently issued reports on K. National Bank Financial reissued a “sector perform market weight” rating on shares of Kinross Gold in a research note on Thursday, August 3rd. Canaccord Genuity boosted their price objective on shares of Kinross Gold from C$7.00 to C$7.75 in a research note on Friday, September 29th. Finally, Macquarie boosted their price objective on shares of Kinross Gold from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$5.99.

Shares of Kinross Gold (TSE K) traded up C$0.11 on Thursday, reaching C$5.58. 2,204,333 shares of the company’s stock traded hands, compared to its average volume of 4,223,053. Kinross Gold has a 12 month low of C$3.87 and a 12 month high of C$6.29.

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In other news, insider Claude J.S. Schimper sold 18,000 shares of the company’s stock in a transaction 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. Over the last ninety days, insiders have sold 47,551 shares of company stock worth $253,815.

About Kinross Gold

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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