Economy

Canaccord Genuity Raises Kinross Gold Co. (K) Price Target to C$8.00

TD Securities set a $6.00 target price on Kinross Gold Corporation (NYSE:KGC) (TSE:K) in a report issued on Thursday. As per Tuesday, February 9, the company rating was upgraded by Credit Suisse.

A number of other research analysts also recently issued reports on the stock. The stock of Kinross Gold Corporation (USA) (NYSE:KGC) earned "Underperform" rating by RBC Capital Markets on Monday, August 24. Trading volume for Kinross Gold Corporation was 7.58 Million in its previous trading session.

In terms of Buy, Sell or Hold recommendations, Kinross Gold Corp (NYSE:KGC) has analysts' mean recommendation of 2.4. Kinross Gold presently has a consensus rating of Buy and a consensus target price of C$5.85.

Shares of Kinross Gold (K) opened at 5.20 on Friday. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The chart below shows the one year performance of KGC shares: Looking at the chart above, KGC's low point in its 52 week range is $2.88 per share, with $4.91 as the 52 week high point - that compares with a last trade of $4.04. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 99.05. Kinross Gold Corporation had a return on equity of 3.63% and a net margin of 1.54%. The Q4 2017 consensus earnings estimates for the company have stabilized at US$0.04 per share. During the same period past year, the firm posted ($0.01) EPS. Equities research analysts predict that Kinross Gold Corp. will post $0.12 earnings per share for the current fiscal year. Kinross Gold Corp. The business earned $910.20 million during the quarter, compared to analysts' expectations of $915.18 million.

COPYRIGHT VIOLATION NOTICE: This news story was published by BBNS and is the sole property of of BBNS. The correct version of this article can be read at https://www.truebluetribune.com/2017/10/24/canaccord-genuity-raises-kinross-gold-co-k-price-target-to-c8-00.html.

Additionally on 6/15/17 Raymond James "Reinstates" Kinross Gold Corp (NYSE:KGC) to Outperform setting price target at $6 and on 5/03/17 CIBC "Upgrades" the stock to Outperform at $0.

Kinross Gold Corporation (NYSE:KGC) reported its EPS in the last quarter as $0.04/Share beating the analyst estimate of $0.02/Share by a difference of $0.02.

BMO Capital Markets lowered shares of Kinross Gold Corp. GSA Capital Partners LLP now owns 37,944 shares of the mining company's stock worth $154,000 after buying an additional 14,674 shares in the last quarter. IFP Advisors Inc now owns 38,769 shares of the mining company's stock worth $158,000 after buying an additional 7,000 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in Kinross Gold Corp. during the third quarter worth $104,000. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Kinross Gold Corporation in a research report on Thursday, September 7th. Creative Planning now owns 44,435 shares of the mining company's stock worth $181,000 after buying an additional 5,514 shares in the last quarter.

The company now has an insider ownership of 18.06 Percent and Institutional ownership of 69.9 Percent.

Kinross Gold Corporation is a gold mining company. The Firm is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties.



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