Brokerage Firm Rating Update on Kinross Gold Corporation (KGC)

Kinross Gold Corporation (KGC) : Zacks Investment Research ranks Kinross Gold Corporation (KGC) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.42, which indicates as a Buy.

Kinross Gold Corporation (KGC) stock is expected to deviate a maximum of $1.45 from the average target price of $5.6 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $3.


Company shares have received an average consensus rating of Hold for the current week Also, Jefferies upgrades its rating on Kinross Gold Corporation (NYSE:KGC). Analysts at the Jefferies have a current rating of Hold on the shares. The shares were previously rated Underperform. The rating by the firm was issued on July 14, 2016.

Kinross Gold Corporation (NYSE:KGC): stock was range-bound between the intraday low of $4.39 and the intraday high of $4.62 after having opened at $4.6 on Wednesdays session. The stock finally closed in the red at $4.6, a loss of -1.09%. The stock remained in the red for the whole trading day. The total traded volume was 22,927,067 shares. The stock failed to cross $4.62 in Wednesdays trading. The stocks closing price on Thursday was $4.58.

Kinross Gold Corporation is a senior 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 Companys segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. Its gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. Its gold is produced in the form of dore, which is shipped to refineries for final processing. It also produces and sells silver.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.