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.
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