Deutsche Bank Upgrades Kinross Gold Corporation (USA) to Hold with Price Target $4.50

Brokerage firm Deutsche Bank Upgrades its rating on Kinross Gold Corporation (USA)(NYSE:KGC). In a research note issued to the investors, the brokerage major Raises the price-target to $4.50 per share. The shares have been rated Hold. Previously, the analysts had a Sell rating on the shares. The rating by Deutsche Bank was issued on Jul 6, 2016.

In a different note, On May 26, 2016, Canaccord Genuity said it Upgrades its rating on Kinross Gold Corporation (USA). The shares have been rated ‘Buy’ by the firm. On May 11, 2016, Goldman Sachs said it Upgrades its rating on Kinross Gold Corporation (USA). In the research note, the firm Raises the price-target to $2.10 per share. The shares have been rated ‘Neutral’ by the firm. On May 3, 2016, Canaccord Genuity said it Downgrades its rating on Kinross Gold Corporation (USA). The shares have been rated ‘Hold’ by the firm.

Kinross Gold Corporation (USA) (KGC) made into the market gainers list on Mondays trading session with the shares advancing 0.54% or 0.03 points. Due to strong positive momentum, the stock ended at $5.56, which is also near the day’s high of $5.65. The stock began the session at $5.44 and the volume stood at 1,10,75,555 shares. The 52-week high of the shares is $5.82 and the 52 week low is $1.31. The company has a current market capitalization of $6,917 M and it has 1,24,41,37,900 shares in outstanding.

Kinross Gold Corporation (USA)(KGC) last announced its earnings results on Feb 10, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $706.20M. Analysts had an estimated revenue of $677.83M. Earnings per share were $-0.06. Analysts had estimated an EPS of $-0.04.

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 Company’s 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.

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