Kinross Gold (K) Given Average Recommendation of “Hold” by Analysts

Shares of Kinross Gold (TSE:K) (NYSE:KGC) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$8.17.

K has been the subject of a number of recent analyst reports. National Bank Financial boosted their target price on shares of Kinross Gold from C$6.50 to C$7.50 in a research note on Friday, January 26th. Canaccord Genuity boosted their target price on shares of Kinross Gold from C$9.25 to C$10.50 in a research note on Friday, January 19th. BMO Capital Markets lowered shares of Kinross Gold from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 10th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Kinross Gold in a research note on Wednesday, May 9th.

Shares of K opened at C$4.56 on Thursday. Kinross Gold has a 12-month low of C$4.44 and a 12-month high of C$6.29.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Wednesday, February 14th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 related news, insider Claude J.S. Schimper sold 65,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of C$4.53, for a total value of C$294,450.00. Also, insider Gregory Van Etter sold 80,567 shares of the company’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of C$3.91, for a total transaction of C$315,016.97. Over the last ninety days, insiders sold 186,570 shares of company stock valued at $804,788.

About Kinross Gold

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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