Kinross Gold Co. (K) Receives Average Rating of “Hold” from Analysts

Kinross Gold Co. (TSE:K) (NYSE:KGC) has received an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$7.83.

Several research analysts recently weighed in on the stock. Canaccord Genuity dropped their price objective on shares of Kinross Gold from C$10.50 to C$10.00 in a research report on Monday, April 23rd. National Bank Financial upgraded shares of Kinross Gold from a “sector perform” rating to an “outperform” rating and dropped their price objective for the stock from C$7.00 to C$6.50 in a research report on Monday, June 18th. Royal Bank of Canada restated an “outperform” rating on shares of Kinross Gold in a research report on Wednesday, May 9th. Finally, BMO Capital Markets cut shares of Kinross Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 10th.

In other news, insider Gregory Van Etter sold 35,167 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of C$4.78, for a total value of C$168,098.26. Also, insider Bobby Lee Musgrove sold 18,688 shares of the business’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of C$3.55, for a total transaction of C$66,342.40. Insiders have sold a total of 188,781 shares of company stock valued at $766,864 in the last quarter.

Kinross Gold traded down C$0.02, hitting C$5.09, during trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 369,489 shares, compared to its average volume of 2,879,885. Kinross Gold has a 12 month low of C$4.44 and a 12 month high of C$5.96.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Tuesday, May 8th. The company reported C$0.13 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.07. Kinross Gold had a net margin of 7.26% and a return on equity of 5.54%. The firm had revenue of C$1.13 billion during the quarter, compared to analysts’ expectations of C$1.03 billion.

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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