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

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

A number of other research analysts also recently commented on K. Macquarie increased their target price 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. Eight Capital reissued a “neutral” rating on shares of Kinross Gold in a report on Thursday, November 16th. Finally, Desjardins reissued a “sell” rating on shares of Kinross Gold in a report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$6.46.

Kinross Gold (TSE:K) traded down C$0.16 during trading hours 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 52 week low of C$4.24 and a 52 week high of C$6.29. The company has a market cap of $6,600.00, a P/E 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 EPS for the quarter, topping analysts’ consensus estimates 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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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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