Canaccord Genuity Boosts Kinross Gold (K) Price Target to C$10.50

Kinross Gold (TSE:K) (NYSE:KGC) had its target price raised by analysts at Canaccord Genuity from C$9.25 to C$10.50 in a research note issued on Friday. Canaccord Genuity’s price objective points to a potential upside of 99.24% from the company’s previous close.

A number of other brokerages have also weighed in on K. Macquarie upped their price objective on Kinross Gold from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Desjardins reaffirmed a “sell” rating on shares of Kinross Gold in a report on Monday, December 11th. Finally, Eight Capital reiterated a “neutral” rating on shares of Kinross Gold in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Kinross Gold presently has a consensus rating of “Buy” and an average price target of C$6.46.

Shares of Kinross Gold (K) traded down C$0.16 during midday trading on Friday, reaching C$5.27. The company’s stock had a trading volume of 3,010,736 shares, compared to its average volume of 2,887,619. Kinross Gold has a one year low of C$4.24 and a one year high of C$6.29. The stock has a market capitalization of $6,600.00, a PE ratio of 47.91 and a beta of -0.30.

Kinross Gold (TSE:K) (NYSE:KGC) last released its earnings results on Wednesday, November 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.03 by C$0.06. Kinross Gold had a return on equity of 5.54% and a net margin of 7.26%.

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About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.

Analyst Recommendations for Kinross Gold (TSE:K)

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