Desjardins Reiterates “Sell” Rating for Kinross Gold (K)

Kinross Gold (TSE:K) (NYSE:KGC)‘s stock had its “sell” rating restated by Desjardins in a report released on Monday.

K has been the topic of a number of other research reports. Canaccord Genuity increased their target price on Kinross Gold from C$7.00 to C$7.75 in a research note on Friday, September 29th. Macquarie increased their target price on Kinross Gold from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Finally, Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$5.99.

Shares of Kinross Gold (K) opened at C$4.88 on Monday. 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 firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of C$5.27, for a total transaction 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 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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