Kinross Gold (NYSE:KGC) Price Target Cut to C$7.25

Kinross Gold (NYSE:KGCGet Rating) (TSE:K) had its price objective lowered by stock analysts at Canaccord Genuity Group from C$8.00 to C$7.25 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the mining company’s stock.

Several other brokerages also recently commented on KGC. StockNews.com began coverage on Kinross Gold in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Stifel Nicolaus cut their target price on Kinross Gold from C$11.00 to C$10.00 in a research note on Wednesday, July 20th. TD Securities lowered their price target on shares of Kinross Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, November 11th. National Bank Financial lowered their price target on shares of Kinross Gold from C$9.25 to C$8.25 in a report on Monday. Finally, Barclays lowered their target price on shares of Kinross Gold from $7.00 to $6.00 in a report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.98.

Kinross Gold Stock Down 1.2 %

Shares of NYSE:KGC opened at $4.08 on Wednesday. The firm has a market cap of $5.24 billion, a P/E ratio of -10.46 and a beta of 0.82. The company has a quick ratio of 1.28, a current ratio of 2.98 and a debt-to-equity ratio of 0.40. Kinross Gold has a 12-month low of $3.00 and a 12-month high of $6.95. The business has a fifty day simple moving average of $3.67 and a 200 day simple moving average of $3.79.

Institutional Trading of Kinross Gold

Hedge funds have recently bought and sold shares of the stock. Venture Visionary Partners LLC purchased a new stake in shares of Kinross Gold during the 2nd quarter valued at about $29,000. Anson Funds Management LP bought a new position in Kinross Gold in the 1st quarter worth about $31,000. Patriot Financial Group Insurance Agency LLC grew its stake in Kinross Gold by 66.7% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 10,000 shares of the mining company’s stock worth $36,000 after acquiring an additional 4,000 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Kinross Gold in the 2nd quarter worth about $38,000. Finally, Ieq Capital LLC purchased a new stake in shares of Kinross Gold in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 55.00% of the company’s stock.

Kinross Gold Company Profile

(Get Rating)

Kinross Gold Corp. engages in the production, acquisition, exploration, and development of gold properties. Its mining operations are in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. The firm operates through the following business segments: Fort Knox, Round Mountain, Bald Mountain, Kupol, Paracatu, Tasiast, Chirano, and Corporate & Other.

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Analyst Recommendations for Kinross Gold (NYSE:KGC)

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