Kinross Gold (K) Receives Coverage Optimism Rating of 1.13

Media coverage about Kinross Gold (TSE:K) (NYSE:KGC) has been trending somewhat positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Kinross Gold earned a media sentiment score of 1.13 on their scale. InfoTrie also assigned news coverage about the company an news buzz score of 3 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Kinross Gold’s score:

A number of equities analysts have recently issued reports on the company. Barclays restated an “overweight” rating and set a C$4.00 price objective on shares of Kinross Gold in a research report on Wednesday, October 10th. Canaccord Genuity lowered their price objective on Kinross Gold from C$7.50 to C$6.50 in a research report on Thursday, October 18th. Finally, National Bank Financial raised their price objective on Kinross Gold from C$6.25 to C$6.50 and gave the stock an “outperform” rating in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$6.00.

Shares of K traded down C$0.04 during mid-day trading on Thursday, reaching C$3.48. 3,283,496 shares of the company were exchanged, compared to its average volume of 2,940,825. Kinross Gold has a 52 week low of C$3.29 and a 52 week high of C$5.90.

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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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