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.
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.
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