Short Term Price Target on Kinross Gold Corporation (KGC)

Kinross Gold Corporation (NYSE:KGC) : The consensus price target for Kinross Gold Corporation (NYSE: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 has dropped 0.2% in the last five trading days, however, the shares have posted positive gains of 13.99% in the last 4 weeks. Kinross Gold Corporation is up 40.52% in the last 3-month period. Year-to-Date the stock performance stands at 168.68%. Also, Equity Analysts at the Brokerage Firm, Canaccord Genuity, upgrades their rating on the shares of Kinross Gold Corporation (NYSE:KGC). Canaccord Genuity has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on May 26, 2016.

Kinross Gold Corporation (NYSE:KGC) has an average broker rating of 2.71, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Kinross Gold Corporation (NYSE:KGC): The stock opened at $5.14 on Thursday but the bulls could not build on the opening and the stock topped out at $5.15 for the day. The stock traded down to $4.87 during the day, due to lack of any buying support eventually closed down at $4.89 with a loss of -2.78% for the day. The stock had closed at $5.03 on the previous day. The total traded volume was 16,213,932 shares.

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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