Price Target Update on Kinross Gold Corporation (NYSE:KGC)

Kinross Gold Corporation (NYSE:KGC) : The consensus price target for Kinross Gold Corporation (NYSE:KGC) is $4.41 for the short term with a standard deviation of $1.11. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $6, however, the pessimist price target for the company is $3.

Other Equity analysts have also commented on the company shares. Canaccord Genuity upgrades its rating on Kinross Gold Corporation (NYSE:KGC). Analysts at the Canaccord Genuity have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on May 26, 2016.

Kinross Gold Corporation (NYSE:KGC): On Thursdays trading session , Opening price of the stock was $4.87 with an intraday high of $4.96. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.83. However, the stock managed to close at $4.9, a loss of 0.61% for the day. On the previous day, the stock had closed at $4.93. The total traded volume of the day was 8,694,821 shares.

The company shares have rallied 114.35% 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 $4.96 and the 200 Day Moving Average price is recorded at $3.36.

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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