Kinross Gold Co. (K) PT Lowered to C$5.75 at Royal Bank of Canada

Kinross Gold Co. (TSE:K) (NYSE:KGC) had its price objective decreased by Royal Bank of Canada to C$5.75 in a research note released on Thursday morning, StockTargetPrices.com reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Canaccord Genuity boosted their target price on Kinross Gold from C$6.75 to C$7.00 and gave the stock a buy rating in a report on Thursday, February 16th. Scotiabank reissued a sector perform rating and issued a C$4.00 target price on shares of Kinross Gold in a report on Thursday, February 16th. TD Securities reissued a buy rating and issued a C$4.50 target price on shares of Kinross Gold in a report on Thursday, February 9th. Goldman Sachs Group Inc reduced their target price on Kinross Gold from C$5.40 to C$5.20 in a report on Thursday, January 5th. Finally, BMO Capital Markets downgraded Kinross Gold from an outperform rating to a market perform rating in a report on Monday, December 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Kinross Gold presently has a consensus rating of Buy and a consensus price target of C$5.46.

Shares of Kinross Gold (TSE:K) opened at 4.60 on Thursday. The company has a 50 day moving average price of $4.84 and a 200 day moving average price of $4.85. Kinross Gold has a one year low of $3.81 and a one year high of $7.56. The company’s market cap is $5.73 billion.

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In other Kinross Gold news, insider Gregory Van Etter sold 33,018 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of C$3.85, for a total transaction of C$127,119.30. Also, insider Michel Sylvestre sold 8,779 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of C$4.99, for a total value of C$43,807.21. Insiders sold a total of 46,367 shares of company stock worth $187,821 over the last three months.

About Kinross Gold

Kinross Gold Corporation is a gold mining company. The Company 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. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

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