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 eight brokerages that are currently covering the stock, reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$6.00.

A number of research firms have recently weighed in on K. National Bank Financial dropped their target price on Kinross Gold from C$6.50 to C$6.25 in a research report on Saturday, July 14th. Canaccord Genuity dropped their target price on Kinross Gold from C$9.00 to C$8.00 in a research report on Tuesday, July 24th. Finally, Barclays reiterated an “overweight” rating and issued a C$4.00 price objective on shares of Kinross Gold in a report on Wednesday, October 10th.

Kinross Gold stock opened at C$3.52 on Thursday. Kinross Gold has a 12-month low of C$3.37 and a 12-month high of C$5.90.

Kinross Gold Company Profile

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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Analyst Recommendations for Kinross Gold (TSE:K)

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