Analyst 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 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.5, which indicates as a Buy.

Kinross Gold Corporation (KGC) : 12 Wall Street analysts covering Kinross Gold Corporation (KGC) believe that the average level the stock could reach for the short term is $5.55. The maximum price target given is $8 and the minimum target for short term is around $3, hence the standard deviation is calculated at $1.4.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Jefferies, upgrades their rating on the shares of Kinross Gold Corporation (NYSE:KGC). Jefferies has a Hold rating on the shares. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on July 14, 2016.


Kinross Gold Corporation (NYSE:KGC): The stock opened at $5.48 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.49 for the day. The stock traded down to $5.37 during the day, due to lack of any buying support eventually closed down at $5.43 with a loss of -1.63% for the day. The stock had closed at $5.52 on the previous day. The total traded volume was 12,547,604 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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