Kinross Gold Co. (K) Price Target Raised to C$8.00
Kinross Gold Co. (TSE:K) (NYSE:KGC) had its price target lifted by stock analysts at Canaccord Genuity from C$7.75 to C$8.00 in a report issued on Friday. Canaccord Genuity’s price target suggests a potential upside of 48.70% from the stock’s previous close.
Separately, National Bank Financial restated a “sector perform market weight” rating on shares of Kinross Gold in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$5.85.
Kinross Gold (TSE K) traded down 2.42% on Friday, reaching $5.25. The company’s stock had a trading volume of 1,723,857 shares. The firm’s 50-day moving average price is $5.50 and its 200-day moving average price is $5.35. The stock has a market cap of $6.55 billion and a price-to-earnings ratio of 125.00. Kinross Gold has a 52-week low of $3.87 and a 52-week high of $6.29.
TRADEMARK VIOLATION WARNING: This piece of content was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/10/20/kinross-gold-co-k-price-target-raised-to-c8-00.html.
In other Kinross Gold news, insider Claude J.S. Schimper sold 25,000 shares of Kinross Gold stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of C$5.59, for a total transaction of C$139,750.00. In the last three months, insiders have sold 52,259 shares of company stock worth $273,353.
Kinross Gold Company Profile
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
Receive News & Ratings for Kinross Gold Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold Co. and related companies with MarketBeat.com's FREE daily email newsletter.