Kinross Gold (TSE:K) Downgraded by BMO Capital Markets to “Market Perform”

BMO Capital Markets lowered shares of Kinross Gold (TSE:K) (NYSE:KGC) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday, April 10th.

A number of other equities analysts also recently issued reports on the company. Canaccord Genuity increased their price objective on Kinross Gold from C$9.25 to C$10.50 in a report on Friday, January 19th. Desjardins reiterated a sell rating on shares of Kinross Gold in a report on Monday, December 11th. Finally, National Bank Financial increased their price objective on Kinross Gold from C$6.50 to C$7.50 in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of C$6.59.

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Shares of TSE:K traded up C$0.09 during trading on Tuesday, reaching C$4.90. 959,853 shares of the company traded hands, compared to its average volume of 3,195,758. Kinross Gold has a 52-week low of C$4.44 and a 52-week high of C$6.29.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings data on Wednesday, February 14th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.03). The company had revenue of C$1.03 billion for the quarter, compared to analysts’ expectations of C$1.06 billion. Kinross Gold had a net margin of 7.26% and a return on equity of 5.54%.

In other Kinross Gold news, insider Michel Sylvestre sold 10,385 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$5.36, for a total value of C$55,663.60. Also, insider Gregory Van Etter sold 80,567 shares of the firm’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of C$3.91, for a total value of C$315,016.97. Insiders have sold 199,089 shares of company stock worth $876,247 over the last ninety days.

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Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.

Analyst Recommendations for Kinross Gold (TSE:K)

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