Kinross Gold Corporation (KGC) : Analyst Rating Update

Kinross Gold Corporation (KGC) : 14 analysts are covering Kinross Gold Corporation (KGC) and their average rating on the stock is 2.71, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Kinross Gold Corporation (KGC) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Kinross Gold Corporation (KGC) : The consensus price target for Kinross Gold Corporation (KGC) is $4.69 for the short term with a standard deviation of $1.47. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $7, however, the pessimist price target for the company is $3.

Kinross Gold Corporation (NYSE:KGC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.75 and $5.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.74, notching a gain of 1.77% for the day. The total traded volume was 18,724,945 . The stock had closed at $5.64 on the previous day.

Also, Major Brokerage house, Macquarie upgrades its ratings on Kinross Gold Corporation (NYSE:KGC). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on July 1, 2016. The company shares have rallied 152.92% from its 1 Year high price. On May 2, 2016, the shares registered one year high at $5.82 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $4.91 and the 200 Day Moving Average price is recorded at $3.58.

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.

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