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.
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