Kinross Gold Co. (K) Given New C$7.00 Price Target at Macquarie

Kinross Gold Co. (TSE:K) (NYSE:KGC) had its price objective increased by Macquarie from C$6.00 to C$7.00 in a research report report published on Monday morning. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on K. Canaccord Genuity increased their target price on Kinross Gold from C$7.75 to C$8.00 in a research note on Friday, October 20th. National Bank Financial reissued a sector perform market weight rating on shares of Kinross Gold in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of C$5.99.

Shares of Kinross Gold (K) traded down C$0.08 during mid-day trading on Monday, hitting C$5.45. The stock had a trading volume of 3,271,383 shares, compared to its average volume of 4,258,231. Kinross Gold has a fifty-two week low of C$3.87 and a fifty-two week high of C$6.29.

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In related news, insider Claude J.S. Schimper sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of C$5.27, for a total value of C$94,860.00. In the last 90 days, insiders sold 47,551 shares of company stock worth $253,815.

Kinross Gold Company Profile

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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